Bring sugar, butter, dark corn syrup and light corn syrup to a boil in a 3-quart saucepan over medium-high heat. Cook 5 minutes without stirring. Stir in eggnog, turn heat to medium and bring to boil. Cook, stirring constantly, 10 minutes or until a candy thermometer reaches 245 degrees. Remove from heat, stir in vanilla and nutmeg and pour into a bowl to cool. Once cooled, pour into jars and store in the refrigerator.
Notes
Makes 3 cups of caramel sauce or 3, half-pint jars.
Recipe by DessertedPlanet.com at http://dessertedplanet.com/eggnog-caramel-sauce/