First, make the caramel for dipping. In a small saucepan, add in the caramel bits and 2 Tablespoons heavy cream or water over medium-low heat. Cook, stirring occasionally to prevent scorching, until melted and smooth, about 5 minutes. Remove from heat.

Spear a grape with a toothpick and dip 3/4 of the way into the caramel, allowing excess to drip off. Dredge into the chopped peanuts and place on a foil-lined baking sheet. Repeat with remaining grapes until you use up all the caramel and peanuts. Depending on how many grapes you have, this recipe could yield a lot or a little!

Store in the fridge and allow to sit at room temperature for about 10 minutes to soften the caramel before serving.