Melt 2 tablespoons butter and 1 tablespoon honey in a microwave safe bowl for 20 seconds.
Stir in 3-4 drops of one color of gel food coloring.
Pour over 4 cups of pre-popped popcorn and stir until evenly coated.
Repeat with the remaining steps in separate bowls with the remaining food coloring (be sure to keep colors separate).
Allow popcorn to dry for 1-2 hours before combining.
Combine all colored popcorn (16 cups) and 4-6 cups of Malt-O-Meal® Fruity Blasts™ cereal and mix. Sprinkle ¼ cup Nerds or sprinkles on top.
Serve and enjoy!.