This is excellent, makes a lot, and keeps well. Be sure to follow the directions. I had it go sugary on me once and I believe it was because I tried to mix the water in too fast. Number of servings is difficult to decide - it has so many uses and sometimes I put a tablespoon over ice cream and sometimes I use a cup or more for recipes calling for caramel sauce. But since Zaar makes me pick a number I picked 48.
- Mix sugar, syrup, and butter over medium heat in saucepan. As soon as it starts to boil stir constantly for eight minutes. Remove from heat.
- Add water in 3 intervals, 1/4 cup at a time, stirring well after each addition.
- Add sweetened condensed milk. Stir until well blended.
- Pour into sterilized canning jars and place lids on. Store in refrigerator.