Pat and I were watching a cooking show the other day and the chef made a very interesting dessert so we decided to make it.  One of the ingredients was a rich carmel sauce.  When I have made it in the past it involved lots of stirring of heating sugar and the consistency was not always right. 

This chef used a simple recipe. 

You take a can of Eagle brand sweetened condensed milk.  Remove the label but do not open the can.  Place it on its side in an oven going pot, cover it with water (at least 1 inch over the can) cover the pot and put it in the oven.  Bake at 350°F for 3 1/2 hours (do it when you are baking something else if you wish) 

Remove the can and let it cool down somewhat before you open it.  The smoothest sweetest carmel sauce that you ever tasted.