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Preheat the oven to 375 degrees.
Prepare a 9"x13" baking pan.
In a mixing bowl, add the butter, and the sugars.
Then add the eggs one at a time, and then the vanilla extract.
Next add the flour, soda, and salt, mix just until mixture is combined.
Stir in the chocolate chips.
Place half of the cookie dough into the bottom of the baking pan and bake for 8-10 minutes.
While the dough is baking, place the caramels and evaporated milk in to a micro wave safe bowl.
Cook on power level 5 for 1-2 minutes, stirring at 30 second intervals.
Add more time on power level 5 if the caramels are not combined with the milk.
When they are combined, add the peanut butter, and stir thoroughly.
Spread the mixture over the dough that is baked.
Then drop the remaining dough, by teaspoons full on top of the caramel mixture.
Bake this mixture for 17-20 minutes, or until the remaining dough is golden brown or the dough is baked through.