Place in heavy skillet 1 cup sugar, 1 cup white corn syrup, and 2 cups raw peanuts.
Let cook over medium heat until peanuts begin to pop. The syrup will by then be a golden brown color.
Remove from fire and stir in quickly 1 teaspoon baking soda. Pour onto buttered cookie sheet. When candy is nearly cold, turn it over, stretching to desired thinness. Break in pieces when cold.