Homemade Dulce de Leche

RECIPE FOR THE BEST DULCE DE LECHE:

Get a regular sized can of sweetened condensed milk (no low fat, low calorie options please).Do not open or puncture the can in any way.

Put in a pot of water with at least 2 inches of water to cover.

Boil for 2 hours.

Keep an eye on it to make sure the water level stays high. The label will fall off, don't worry. Remove and let cool. It's now done — open it right away or keep it in the pantry, it needn't be refrigerated until it's opened.

Source:
http://spectacularlydelicious.com/2010/04/13/evitas-dulce-de-leche