Creamy and smooth.
Melt butter in a large saucepan. Stir in sugar, corn syrup and water.
Bring to a full boil over medium-high heat. Add condensed milk, stirring constantly. Bring to a full boil for two minutes. Remove from heat and add vanilla. Serve immediately.
Delicious drizzled over apple pie, bread pudding or as a dipping sauce for fruit.
Recipe tip: Prepare ahead and reheat in microwave. If sauce seems too thick, stir in 1 to 2 tablespoons water or milk.