Start by inserting a popsicle stick into the top of each apple, ensuring it’s secure and doesn’t wobble.
Over a double boiler, melt the caramels and water, stirring frequently until the mixture becomes smooth.
Once melted, dip each apple into the caramel mixture, making sure they are fully coated.
Allow the excess caramel to drip off, then place the coated apples onto a parchment-lined tray.
In another double boiler, melt the chocolate chips, stirring until smooth.
In a microwave-safe bowl, warm the peanut butter for about 30 seconds or until it becomes runny.
Drizzle the melted chocolate over the caramel-coated apples using a spoon or a piping bag.
Follow this by drizzling the runny peanut butter over the apples.
Finally, sprinkle the crushed peanuts on top for an added crunch.
Allow the Chocolate Peanut Butter Caramel Apples to set in the refrigerator for at least 30 minutes or until the coatings are firm.