Can anyone direct me to the recipe for the sweetened condensed milk in a can that makes caramel? I would appreciate it.

Just place can in water. Make sure that there is at least a couple of inches of water above the can. Boil the can for 3-4 hours. I find three hours makes a runny caramel, and 4 hours makes a thick, spoonable caramel.
Make sure you top up the water every now and then. If the can is not submerged at all times, it will explode.

Yup..that's the way to make it and here is one of the many threads on making it...


http://www.cakecentral.com/cake-decorating-ftopict-48940-boiling.html+condensed

I also made some in my slow cooker which turned out well.

THANK YOU for your quick and speedy reply! Have a great night......missing this place. I started a new job in May of this year, and it's time consuming......Hallmark retail. But I like it.....but miss my internet time.

Is it thick enough to put as a filling in a cake?

Yes, I also add chocholate to change the flavor and sometimes pecans.

You may also cook the milk on stovetop stirring continuously, this is the short cut....