Remove the label from the can of sweetened condensed milk
Place the can in a pot and make sure it is completely covered with water
Bring the water to a simmer and let it simmer for three hours, checking regularly to make sure the can is still covered
After three hours, remove the pot from heat and let the can cool overnight or for at least 6-8 hours
Once cooled, open the can to reveal homemade caramel
