Making homemade caramel is super easy to when you use condensed milk. In the video below MarjoriesCandies explains how to make it on the stove top. Essentially, all you do is boil the can of condensed milk and ta-da! You have caramel! This method takes about 3 hours. You can also use a crock pot. Just submerge the can in water and cook for 8 hours on low. Either method you choose will give your delicious caramel that’s great for dipping apples, drizzling across ice cream, or any way your taste buds desire. Just store the extra in the refrigerator.