Step 1: Mix sugar, syrup, and butter in a heavy sauce pan. Place over medium heat. When it comes to a boil stir constantly for 8 minutes.
Step 2: Remove from heat. Add water in 3 intervals, 1/4 cup at a time - stir well after each addition.
Step 3: Add sweetened condensed milk and stir until mixture is blended.
Step 4: Pour into sterilized pint canning jars (3), affix lids and store in refrigerator.
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