Combine all the ingredients in a large saucepan and cook over medium heat until the caramel is thick and starting to turn into a soft, thick glue-like consistency, stirring occasionally.
This will take between 20-30 minutes. Note: I am not using a candy thermometer for this, as it seems every thermometer really reads different. It’s more important to pay attention to the consistency of the caramel than the temperature.
Pour into glass pan with parchment paper covering the bottom or candy molds.