"I always hated to make homemade caramels at Christmas because of how time consuming they are. I knew there had to be an easier way. I found it! now no more stirring forever and hoping they don't burn. Now if I could just find a shortcut to wrapping them."
mix butter, brown sugar and corn syrup together in large microwave safe bowl.
cook on high for 5 minutes. Blend in sweetened condensed milk and cook on high an additional 10 minutes, stirring occasionally. remove from microwave and add vanilla, stirring until well mixed and smooth. Pour into buttered 9x13 pan. Cool well. Cut into small squares and wrap in wax paper.