Caramel from Sweentened Condensed Milk

Hello out there to all sweetened condensed milk lovers...and who doesn't love the stuff??!!
I had a can of it in the pantry and really needed caramel sauce for a cheesecake dip I wanted to make. Lo and behold, I googled it, and there are 4 different ways you can make caramel sauce or Dulce de Leche with just 1 can of the sweet gooey yummy stuff. Some people boil an unopened can for about 2 hours, but the can can explode and it isn't very safe, so here are the safe alternatives.

Caramel Sauce
OVEN METHOD: Pour 1 14-ounce can sweetened condensed milk into 9-inch pie plate. Cover with aluminum foil; place in larger shallow pan. Fill larger pan with hot water. Bake at 425 degrees for 1 hour or until thick and caramel-colored. Beat until smooth.
STOVE TOP METHOD: Pour sweetened condensed milk into top of double boiler; place over boiling water. Simmer over low heat for 1 to 1 1/2 hours or until thick and caramel-colored, stirring occasionally. Beat until smooth.
MICROWAVE METHOD: Pour sweetened condensed milk into a 2-quart glass measuring cup. Cook on 50-percent power (medium) 4 minutes, stirring briskly every 2 minutes until smooth. Cook on 30-percent power (medium-low) 20 to 25 minutes or until very thick and caramel-colored, stirring briskly every 4 minutes during the first 16 minutes and every 2 minutes during the last 4 to 10 minutes.
SLOW COOKER METHOD: Pour a can of sweetened condensed milk into slow cooker, set to low, stir every 45 minutes or so. Takes about 7 hours to turn into rich, brown caramel.

Quick and Easy Caramel Cheesecake Dip
2 (8 oz) blocks cream cheese, room temperature
1 can caramel made from sweetened condensed milk (see above)
1 box graham cracker sticks

In a medium size mixing bowl beat the cream cheese and caramel until smooth. Pour into a bowl and serve with graham cracker sticks. It's like a cheater cheesecake!