Combine the granulated sugar with 2 tablespoons water in a small saucepan. Bring to a boil and cook until all the water has evaporated and the sugar begins to caramelize. Do not stir. Once the caramel is dark amber, remove from heat and let stand 1 minute. Add remaining 3 tablespoons water, place back on the heat, and simmer, stirring gently, until the caramel is dissolv