Peanut Butter Caramel Sauce

I made it for waffles and ice-cream. Just 4 ingredients and microwave oven. Adapted from Peanut Butter Ice-Cream Topping.

1/3 cup sweetened condensed milk
1/4 cup smooth peanut butter (I used Jiff, whipped)
about 1/2 cup hot water
1 tsp. vanilla extract

Mix sweetened condensed milk and peanut butter, heat in microwave 30 seconds, add half water, carefully mix with whisk until smooth. Add more water if needed. Store covered at room temperature.

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