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Generously butter two cookie sheets. {Yes, this is going to make a lot of caramels.}
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In a very large pot {if it's not 6 quarts or bigger, I would half this recipe}, mix sugar, syrup, salt and 2 cups of the cream together on medium low; bring to a boil stirring full time.
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Gradually stir in the remaining 2 cups of cream, stirring constantly.
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Bring to boil again and add the evaporated milk, slowly.
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Cook to the firm ball stage (232 degrees). {Confession: the first time I made these, I got way too impatient and didn't let it get to 232 degrees. It ended up being just a big, soupy mess! Make sure to get it all the way up to the right temperature!!}
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Remove from heat and add the vanilla and nuts.
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Pour into your greased pans and let stand for 24 hours
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Cut into rectangles and wrap in cellophane or wax paper, twisting the ends.
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Try your hardest not to eat too many. ;)