1 large onion
1 tbsp. butter
1 tbsp. oil
1 pinch cayenne pepper
3/4 c. sour cream
3/4 c. mayonnaise
salt and pepper to taste

Peel and thinly slice onions. Sauté the onion in the butter and oil until the onions are caramelized, about 30 minutes. Cool. Add remaining ingredients and mix well. Chill for 1 hour. Serve dip with vegetables, chips or crackers.

Makes 1 3/4 cups of dip.