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Step 1
In a small, sturdy pot, combine the sugar, 1/4 cup of the water water, and the corn syrup. Stir over low heat until dissolved.
Step 2
Once the sugar has dissolved completely, turn the heat up to medium high, cover the pot, and let boil for 2 to 3 minutes. Remove the cover and stir vigorously as the caramel continues to cook. Stir over heat until mixture is a light amber color.
Step 3
Remove the caramel from heat. Carefully pour in the remaining 1/2 cup of water. Be very careful when stirring the water into the caramel as it can splatter. Stir in the vanilla and a small pinch of salt.
Step 4
This syrup is best if you let it cool completely before use. Add 1 to 2 tablespoons of syrup to flavor 8 ounces of coffee. The syrup will keep beautifully in the fridge for a few months.