I had no idea how easy it was to make dulce de leche (translation: milk candy) until three days ago. Doesn't it sound like something that would require candy thermometers and a lot of stirring and sweating over a hot stove? Well, guess what? It's not! And if you enjoy baking, think of all of the baked goods you could put dulce de leche in, on or over. Cakes, cookies, brownies, pies...mmmmmm..
(I adapted this from David Lebovitz's recipe.)
Preheat your oven to 425 degrees F.
The only ingredient you will need is a can of sweetened condensed milk. Yep! That's it! Pour the entire can into a round baking dish and cover tightly with aluminum foil. Place the dish inside a larger baking dish such as a 9x13 pan. Pour 1 inch of hot water into the bottom of the outer dish.
Bake in the preheated oven for 70-80 minutes. You will need to top off the water in the outer dish a couple times throughout the baking process.
And after just over an hour, your sweetened condensed milk has magically transformed into dulce de leche! It should resemble caramel when it is finished. Remove from the oven and allow it to cool. Whisk it until it is free of clumps.
Now add it to your baked good or ice cream of choice! Store in a sealed container in the refrigerator.