Yummy Caramel Sauce

Take one can of sweetened condensed milk, and peel off the label. Place on its side in your slow cooker.  Fill with water 2-3 inches above the can.  Cook on High 4 hours or on Low 8 hours.  Turn off slow cooker and let sit for 40 minutes.  Put in fridge until ready to use.  Use as apple dip or topping for your ice cream. YUMMY!! It was really hard not to just eat this with a spoon!!(well, maybe I did just a little!)