Add all the ingredients to a medium pot on the stove: 2 cups ketchup, ⅓ cup Worcestershire, ¼ cup white vinegar, 3 tablespoons molasses, 1 and ½ teaspoons kosher salt (use less if all you have is table salt), 1 teaspoon black pepper (use a pepper grinder if you have one!), ½ teaspoon paprika, ½ teaspoon smoked paprika, 1 teaspoon chili powder, and ¼ teaspoon liquid smoke.
Add ¼ cup water if you have a half hour to simmer. If you're short on time, leave the water out.
Bring the mixture to a boil over medium high heat. Simmer 5 minutes if you didn't add the water.
Simmer at a low bubble for about 25 minutes if you did add the water, or up to an hour. (add more water in increments if it starts to get too thick.)
Once you have simmered as long as you like, turn off the heat and let come to room temperature. The sauce will continue to thicken as it cools.
Serve warm or room temperature with anything you can think of! Slow Cooker Pulled Pork, Smoked BBQ Pulled Pork, use it on an epic Tri-Tip sandwich, slap it on Nana's Ribs, brush your grilled chicken, top a hot dog, make BBQ Meatballs.
