Liquid caramel is a sweet, viscous syrup with a rich caramel flavor and a dark brown color. It's made by heating sugar until it melts and caramelizes, resulting in a complex flavor profile with notes of toffee and molasses.
Liquid caramel can be made by cooking sugar alone, but it's often made by combining sugar with water to prevent crystallization during the caramelization process. Sometimes, cream, butter, or other flavorings may be added to enhance the taste and texture of the caramel.