How can I make caramel from condensed milk?
There are a few ways.From David Lebovitz: http://www.davidlebovitz...Another good source with 5 ways; http://www.whatsforlunchhoney.net/2009/04/cooking-school-5-ways-to-make-homemade.html
Yes. Take a can. Put it in a pot with water to cover. Simmer, don't allow to boil. Simmer for three hours.
I've been doing this since I was a kid- very reliable, but it may take longer than you expect. Just keep cooking- it always works well!