Rocky Road Halloween Popcorn Balls

3 cups marshmallows
1/4 cup butter or margarine
2 tablespoons orange flavored gelatin
8 cups freshly popped popcorn
1/2 cup unsalted dry-roasted peanuts
1/2 cup miniature chocolate chips

In a 5-quart saucepan over medium-low heat, melt marshmallows and butter, stirring frequently until blended and smooth. Stir in gelatin until blended; remove from heat. Add popcorn and peanuts to marshmallow mixture; stir gently but thoroughly to coat. Stir in chocolate chips. With greased hands shape cooking mixture into 8 (3-inch) popcorn balls. Wrap individually in plastic wrap.