I usually get all complicated with caramelized onions by doing at least eight onions at time, cooking it all low and slow, and never letting it brown. Just know you don’t have to, and you can caramelize them any way you like. Here's a simple way to do just one onion. Throw a sliced onion, butter, olive oil, salt, and a sprig of thyme into a heavy-bottomed pot (cast iron or Dutch oven works great). Then cook for a few minutes on medium, put on a lid, and turn the heat all the way down. Check on it every 15 minutes or so to make sure it's not sticking. Add some water or chicken stock if necessary. It will take about an hour. If you have some excess liquid at the end, remove the lid and reduce it down for a few minutes.
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<br />To caramelize a bunch of onions at the same time, here's a primer: http://food52.com/blog/7086-how-to-achieve-perfectly-caramelized-onions

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