Irresistible Pumpkin Spice Caramel

1. In a saucepan, pour the water in, and then follow with pouring in the sugar. No need to stir or dissolve. 2. Turn the heat on medium high and bring to a boil. 3. Continue to boil for quite a while. You are essentially boiling the water out of the sugar. 4. Watch the mixture as it boils as it will begin to turn color. It will become slightly yellow.. and then will go light amber. When it reaches the light amber, take the mixture off the heat and add the whipping cream. 5. Be VERY CAREFUL at this point because it will bubble up when you add the cream. Continue to stir and reduce the bubbling. Add the butter and pumpkin pie spice. 6. Continue stirring until everything is well incorporated and the caramel is smooth. Pour into a heat safe container and let cool completely.