Preheat oven to 350 and bake peanuts for 10 minutes or until it starts getting oily and some of the skin starts to peel.

Combine water and sugar in a large skillet. On medium heat, dissolve sugar and bring to a gentle simmer.

Add in vanilla and roasted peanuts. Continue to simmer, stirring occasionally as it thickens. Continue to cook and stir until sugar crystals start to form around the peanuts. Keep and eye on it, cook for another minute or so, making sure we do not caramelize.

Remove from heat and immediately transfer to parchment paper to cool. ENJOY. Store in an air tight bag or container.