Ingredients

2 cups butter, cubed2 cans (12 ounces each) evaporated milk2 cups sugar1/3 cup dark corn syrup1/8 teaspoon salt2 cups semisweet chocolate chips1 package (14 ounces) caramels1 teaspoon vanilla extract

Preparation

In a Dutch oven, combine the first 7 ingredients. Cook, stirring constantly, over medium-low heat until the caramels are melted and mixture is smooth (do not boil). Reduce heat to low.

With an electric hand mixer on medium speed, beat in vanilla; continue beating for 5 minutes. Beat on high for 2 minutes. Remove from the heat and cool for 30 minutes (sauce will thicken as it cools). Pour into food storage containers; refrigerate. Serve warm or cold.