Cover pot. Cook at high heat and bring to vigorous boil; then reduce to medium heat and continue cooking for 2 hours, stirring occasionally. Remove from heat and set aside for 1 hour before draining liquid. Serve warm, at room temperature or chilled. Store in refrigerator.
With peanuts and liquid in pressure cooker, secure lid to pot and set pressure to 10-15 pounds. Cook at medium heat for 45 minutes. Remove from heat and set aside for 1 hour before draining liquid. Serve warm, at room temperature or chilled. Store in refrigerator.