In a medium sized pot, add all of the ingredients and mix them with a wooden spoon.
Place the pot over high heat, and wait until the mixture becomes bubbly/frothy.
Reduce to medium heat, and stir constantly. It's extremely important that you stir, stir, stir, otherwise the mixture will harden and you'll have to start over again.
Cook on medium heat while stirring constantly until mixture reaches a medium golden brown color. This should take about 5-10 minutes.
Remove the pot from heat and let sit for 5 minutes. Meanwhile, take a spoonful of the sugar wax mixture and place it in the fridge. Allow it to cool, and if the consistency still isn't right, return the mixture to heat.
The consistency should be a thick, manageable consistency (you should be able to pick it up....just like wax).
Allow to cool at least 30 minutes.
Once cooled, transfer to a bowl.