Mock Payday Candy Bar

One of my favorite candy bars, would be a 'Payday'.  Love that caramely nutty goodness.   This here I personally think is even better than the store bought ones.  So fresh and good.

MOCK PAYDAYS
(makes 8)

Ingredients:
*5 caramel squares, unwrapped
*1/4 cup whole milk
*1 teaspoon creamy peanut butter
*1 tablespoon light corn syrup
*1/2 teaspoon pure vanilla extract
*1/2 teaspoon salt
*3/4 cup powdered sugar
*25 caramel squares, unwrapped
*1 tablespoon water
*1/4 cup powdered sugar
*2 cups peanuts, chopped lightly

Directions:
~Combine 5 caramel squares, milk, 1 teaspoon peanut butter, 1 tablespoon corn syrup and 1/2 teaspoon  vanilla exact  into a medium saucepan.
~Cook over low heat until the caramels have melted.
~Add 3/4 cup powdered sugar and stir well.
~Using a candy thermometer, cook caramel mixture until it reaches 230 degrees, stirring often.
~Remove from heat.
~Let cool for about 5 minutes.
~Add 1/4 cup powdered sugar, and mix with a mixer for about 2 minutes.
~Let mixture cool for 20 minutes.
~Divide candy into 8 equal pieces.
~Form each section into 4 inch logs or balls.
~Place logs on wax paper and allow to cool for 1 hour.
~In a double boiler, add remaining caramels and water.
~Melt until smooth.
~Remove from heat, but keep the hot water under the melted caramel (so it doesn't get hard).
~Using a pastry brush, coat the logs/balls with the hot caramel.
~Place peanuts into a shallow dish.
~Roll logs in peanuts.  If there are area's where the peanuts do not cover the log, apply more caramel and stick roll back into peanuts.
~Allow to cool completely before serving.