Praline Sauce is a classic Southern topping. Praline Sauce is delicious on top of ice cream, waffles, pancakes, or anywhere you need a little bit of sweetness. Makes a great gift!
Add all ingredients but butter and vanilla to a medium-sized, heavy-bottomed saucepan over medium-low heat. Bring to a rolling boil, stirring constantly for about three minutes or until the back of a wooden spoon is well-coated.
Remove from the heat and stir in butter and vanilla.
Allow to cool slightly and pour into warmed airtight containers.