Prepare popcorn according to package directions. Remove all unpopped kernels.
Spray 15x10-inch jelly roll pan with cooking spray. Place popcorn, peanuts and coconut in prepared baking pan; set aside.
Place sugar, Fleischmann’s, water and corn syrup in large saucepan. Bring mixture to boil over medium-high heat until Fleischmann’s is melted, stirring occasionally with wooden spoon. Continue boiling until mixture reaches 280°F (soft-crack stage) on a candy thermometer (about 20 minutes), stirring occasionally. Remove from heat; immediately pour mixture over popcorn mixture tossing to coat popcorn evenly. Allow to cool at room temperature.
Place chocolate morsels in 2-cup glass measure. Microwave on HIGH for 1 to 1-1/2 minutes or until melted when stirred. Drizzle over toffee popcorn and refrigerate 30 minutes or until set. Break into small pieces