Creamy Caramel Peanut Butter Dip

Total Time
Prep 5 mins
Cook 3 mins

This came in the fall 2005 Kraft Food and Family magazine. It sounded so good and like it would make a nice quick snack for afterschool.

Ingredients Nutrition

  • 25 caramels, unwrapped
  • 14 cup milk or 14 cup light cream
  • 2 tablespoons peanut butter
  • 12 cup dry roasted peanuts, coarsely chopped
  • 3 apples, cored, sliced


  1. In a microwaveable bowl, place the caramels, milk and peanut butter.
  2. Microwave on high for 2 1/2 to 3 minutes or until the caramels are melted, stirring after every minute.
  3. Serve warm as a dip along with apple slices and chopped peanuts.
Most Helpful

Liked this with apples, but really liked it on graham crackers topped with bananas!

Maito January 25, 2012

I scaled this down to 6 caramels which gave me about 4 tbs worth of dip. After having tasted this divine concoction however I wish I had made more, much more. lol Its sooo creamy, sweet and addictive. YUM! I can see this used in many different ways: on top of ice-cream, swirled into a cake, layered into a trifle, used to fill thumb print cookies and so on. Its so easy to make and plain yummy, Ill make this again and again for sure.
All I had on hand was buttermilk so I used that and it was a nice contrast to the sweet caramel. My pb was all natural.
THANK YOU SO MUCH for sharing this winner with us, Paula! Made and reviewed for the Aussie/NZ Recipe Swap November 2011.

Lalaloula November 04, 2011

Made this dip for one or the monthly groups I host & it was great ~ Easy prep & tasty, too! I did chop the peanuts pretty well & then added them to the dip before setting it out! Sinfully delicious & definitely a keeper of a recipe! [Made & reviewed as a recipenap in the Aus/NZ Recipe Swap #36]

Sydney Mike January 09, 2010