Caramel sauce is pretty easy to make, and I decided to try making some with coconut milk a while ago. Coconut milk has low enough fat content that it didn't work the way I hoped, and I had to use some cream to get the sauce back to a good consistency, but then it was thinner than I wanted it. I added some peanut butter to thicken it, and was like, "Eureka!" So, to intentionally make peanut butter coconut caramel dip...

Sugar
Brown Sugar
Butter
Cream
Coconut Milk
Peanut Butter
SLOWLY add the cream (about 2 Tbsp), stirring frantically so that clumps of sugar don't form. Follow this by adding about 2 Tbsp of coconut milk. Let the caramel simmer for a bit, cooking off extra liquid, giving any clumps a chance to dissolve, and allowing a little more time for caramelized flavors to blend. Turn off the heat, stir in about 3 Tbsp (a giant spoonful) of peanut butter, and allow the caramel sauce to cool a little (it will thicken as it cools, too).
If you don't have cream, you can use half-and-half. Milk is getting a little thin-- you need the fat content of cream.
I like eating this with apples. You could probably whip it with a bit of cream cheese and make a fantastic fruit dip. It would also be great with something like Nilla Wafers, or poured over cake while warm (so it soaks in a little... mmm, I'm going to have to try that next time I make white cake.)
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