In a large, heavy-bottomed pot, pour the vegetable oil and heat it over medium-high heat for a minute or two.

Once the oil is hot, add the popcorn kernels to the pot and cover with a lid, leaving a small gap for steam to escape.

Shake the pot gently back and forth on the burner. Keep shaking occasionally until the popping slows, about 3-4 minutes.

In a separate small saucepan, combine the granulated sugar over medium heat. Allow it to melt gently but do not stir until it starts to bubble and turn golden, about 4-5 minutes.

Once the popcorn has mostly popped, remove it from the heat and carefully drizzle the melted sugar over the popcorn. Toss using a wooden spoon to coat.

Spread the popcorn onto parchment paper or a baking sheet to cool and harden.

Serve the popcorn warm and enjoy!