Ingredients
One bag of caramel
One carton of waffle batter
One bottle of liquid smoke
One stick of butter

Directions
1) Pour caramel, waffle batter and liquid smoke into a waffle iron
2) Cook in waffle iron (consumption of "waffle runoff" optional)
3) After cooking, remove from waffle iron and wrap around stick of butter
4) Serve on a toothpick
5) Enjoy!