I had just taken a can out for tonight's dessert when I came across this exact recipe.... :)
A local authentic Italian restaurant (has since been run out by Olive Garden, Macaroni Grill & the like - yuck) served this as "Caramello." We asked, nay, DEMANDED the recipe, as it was incredible. Surprise! It's just caramelized condensed milk w/whipped cream on top. :)
I have made this on the stovetop for 15+ years and have never had a single explosion. I always make sure to have plenty of water (I use my pasta kettle) and keep it a low simmer. I start the water warm, with the can already in place. Voila!
I have also placed the can in a shallow casserole dish partially filled with water and baked it overnight at 225 degrees. Not quick enough for me, however....
I use this when I need caramel for a recipe (cookies, ice cream topping, etc) and have had great success; not the exact flavor, but richer and smoother. Yum!
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