Six Minute Microwave Caramels Recipe: 1/4 cup butter; 1/2 cup white sugar; 1/2 cup brown sugar; 1/2 cup light Karo syrup; 1/2 cup sweetened condensed milk 1. Combine all ingredients. 2. Cook 6 minutes, stirring every two minutes. 3. Stir and pour into dish lined with parchment paper. 4. Let cool. 5. Cut, wrap in wax paper & store in air tight container.