1/2 c. sweetened condensed milk
1/2 c. butter (not margarine)
1/2 c. sugar
1/2 c. brown sugar
1/2 c. karo syrup
Put all ingredients in a microwave safe bowl. Cook on high for 2 minutes and then stir. Repeat for 2 minutes then stir. Cook again for 1 1/2 minutes and stir. Cook for 1 minute and then pour into a well buttered 8x8 pan and let cool for 3 hours. Cut and wrap in waxed paper that is cut into squares (roll as a diamond and twist sides closed).
For a slightly softer caramel use these times: (2 min, 1.5 min, 1.5 min, 1 min).
This recipe is for a high wattage microwave (i.e. 1100 watts). If your microwave has fewer watts then you'll need to increase some of the times. This recipe is so easy! 8 minutes and you have perfect caramels. Jonah makes these every Sunday.
For black licorice caramels add:
1/2 t. black food coloring
1/2 t. anise flavoring (before pouring into pan)
Other variations:
Pour warm caramel over pretzels, chocolate chips, nuts, coconut etc. You can also make a flavored caramel - i.e. Raspberry caramels -- using flavored extracts. Follow directions on the back of the extract bottle.