2cupsdark brown sugarIt does make a difference if you use light brown sugar. It is more of a butterscotch flavor.
1cuplight corn syrup
14ouncessweetened condensed milk1 can
Cook the butter, sugar, corn syrup, water, and sweetened condensed milk over medium heat until all the sugar is dissolved, stirring continually. After the sugar is dissolved, remove from heat and add vanilla.
If desired, stir peanut butter to taste in part of the caramel.
This can be stored in the refrigerator for 4 to 6 weeks. Rewarm before use in the microwave or on the stove top.