Step 1

To a saucepan or a heavy-bottomed pot, add all of the ingredients and stir. Cook over medium-low or low heat for 1 hour, string frequently.

Step 2

The mixture should have a gentle simmer, but it shouldn't boil vigorously.

Step 3

After 45 minutes, check for doneness. Dip a spoon in the molasses. If it coats the back of it, then it's ready. If not, continue boiling for 10-15 more minutes, checking every 5 minutes or so.

Step 4

The final results should be thick, glossy, and caramelized, but not burnt, syrup.