Terry's Butter Syrup

Thank you Terry Richardson for this amazzzzing butter syrup recipe! Perfect on top of German pancakes/dutch babies, or pancakes! Sooooo delish!
Terry's Butter Syrup
2 cups sugar
¼ cup water
¾ cup evaporated milk
¼ cup butter (1/2 cube)
2 Tblsp vanilla

Mix together sugar, water and milk and bring to a boil. Turn heat to medium and simmer 4-5 minutes. Turn off heat and add butter and vanilla, stir until butter is melted. Serve warm or cold. EnJOY!