Eggnog Flan

Found this recipe in Food Network Magazine - so easy and simple. Haven't tried it yet, but when eggnog becomes plentiful during the holidays -- I plan to make it. Prep time does not include 2 hour refrigeration time prior to serving.

• Ready In: 2 hrs
• Serves: 8

Ingredients

• 2⁄3 cup sugar
• 4  cups  eggnog
• 5  large eggs

Directions

1. Preheat the oven to 325 degrees F. Stir the sugar and 2 tablespoons water in a medium skillet. Bring to a boil over medium-high heat and cook, swirling the pan but not stirring, until deep amber, 5-7 minutes. Pour the caramel into a shallow 10-inch round cake pan, tilting the pan so the caramel evenly coats the bottom.
2. Bring a kettle of water to a boil. Whisk the eggnog and eggs in a large bowl until smooth, being careful not to beat in too much air. Pour the eggnog mixture over the caramel in the pan, then place in a large roasting pan. Fill the roasting pan with enough boiling water to come halfway up the side of the cake pan.
3. Loosely cover the roasting pan with foil and bake 1 hour. Remove the foil and continue baking until the custard is set but still quivers, 40 minutes to 1 hour.
4. Remove the flan from the roasting pan and let cool to room temperature, then cover and refrigerate until cold and set, about 2 hours. To serve, run a thin knife around the edge of the flan, place an inverted flat plate over the pan and flip to unmold.