Measure out the crushed ice and caramel syrup, placing them nearby for quick access.
Add the crushed ice to the blender, filling it about three-quarters full to allow room for blending.
Secure the lid on the blender and blend on high speed for about 30-45 seconds, until the mixture becomes thick, slushy, and well combined.
Stop the blender, and check the texture; it should look icy and smooth, with a glossy, caramelized appearance.
Pour the sticky, caramel-slushie mixture into glasses, using a spoon if needed to scoop out the last bits.
Serve immediately to enjoy the icy, creamy texture with a rich caramel flavor and a glossy finish.