Grab a small saucepan and dump everything in. Put the pot over a medium heat and stir together all the ingredients so that the sugar starts to dissolve.
Bring it to a gentle boil for at least 15 minutes or until about half the liquid has evaporated and that it starts to look like caramel. Stir every minute or so while that’s happening so you don’t get a gross skin on top or let it boil over.
Let it cool for at least 15 minutes before you serve it. If you decide to make this ahead of time it will really thicken up in the fridge, so pull it out 30 minutes before you want to get down so that it can warm to room temperature for easier dipping. Serve with some apple slices.
Makes about a ½ cup of caramel