Christmas Caramels!!!! Yum! Christmas Caramels! I love Caramels! Especially in the form of a Cake! Do you like Caramels? Here is the recipe! Enjoy!:) Christmas Caramels 2 cups light corn syrup 1 lb. brown sugar 1 can sweetened condensed milk 1/2 lb. butter 1 cup nuts Mix together. Simmer, stirring until 240 degrees (soft ball) - add nuts. Put in buttered pan and let cool. Cut and wrap in small pieces in wax paper.