Pop popcorn according to package instructions and set aside.
Unwrap individual peppermints and place in a freezer bag. Using a meat tenderizer or tool crush mints until pieces are fine and not to chunky.
Melt vanilla candy coating according to package instructions.
Pour crushed peppermints into melted vanilla candy coating until mints are fully incorporated.
Pour vanilla peppermint mixture on top of the popcorn and stir until popcorn is fully coated.
Pour popcorn onto wax paper making sure popcorn is in a single layer. Allow vanilla coating to harden for 20-30 minutes.
Break popcorn into bite size pieces. Place in a bowl, and enjoy!