Caramel Peanut Butter Dip30 caramels In a microwave-safe bowl, microwave the caramels and water on HIGH for 1 minute; stir. Microwave 1 minute more or until smooth. Add peanut butter and mix well; microwave for 30 seconds or until smooth. Stir in peanuts if desired. Serve warm with apples. Yields 1 cup. |