Press four marshmallows onto a straw or treat stick with a twisting motion. Lay on waxed paper.
Add caramel and whipping cream to a microwave safe bowl. Melt the caramel in the microwave according to package directions giving special care not to overheat the candy.
Pour caramel over the marshmallows, coating completely and allowing the excess to run back into the bowl.
Roll the coated marshmallows in chopped peanuts. Place marshmallow pop on waxed paper until set.
Allow the marshmallows to rest on waxed paper until set before packaging or serving. Best if stored in an airtight container in the refrigerator.
Recipe by It's Free At Last at https://itsfreeatlast.com/pay-day-inspired-marshmallow-pops-recipe/