Combine the butter, sugar, sweetened condensed milk, and corn syrup in a medium saucepan over medium heat.
Stir until butter is melted. Increasing to medium-high, bring the mixture to a boil.
Once it starts boiling, reduce it to a simmer - stirring constantly. The mixture will start to thicken, and lighten up.
Pour the caramel into a greased 9x13 bread pan. Chill in the refrigerator for at least 30 minutes.