Heat oil in a sauce pan over medium heat.

Add a few popcorn kernels and cover pan. Once the kernels begin to pop, add the remaining kernels to the pan and give it a good shake.

Keep popcorn on the stove top until popping slows down to 2-3 seconds between pops.

Remove from heat and add to a large mixing bowl.

Melt the chocolate in a double boiler, constantly stirring until it reaches a smooth consistency. (Alternatively, you can melt in the microwave, heating 20-30 seconds at a time and stirring each time you heat.)

Once fully melted, drizzle over the popcorn.

Allow chocolate to harden.

Mix in M&M’s and sprinkles.