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Step 1
Add all of the ingredients to a blender and blend until completely smooth.
Step 2
Add to a small pot over a stove and turn to medium-low heat.
Step 3
Bring to a simmer.
Step 4
Stir with a rubber spoon/spatula for a full couple of minutes or more until it thickens up and coats the back of the spoon/spatula. Note that the caramel will thicken up much more as it cools, so don't worry if it's not as thick as you want while it's still warm. It will thicken up more in the fridge as well.
Step 5
This caramel sauce is delicious on everything from ice cream, pancakes, waffles, cake, brownies, etc.!