Pan-Fried Onion Dip

Cut the onions in half, then slice them about 1/8-inch thick half rounds (you should have about 3 cups of onions).

Heat the butter and oil in a large saute pan on medium heat.

Add onions, cayenne, salt and pepper and saute for 10 minutes.

Reduce heat to medium-low and cook, stirring occasionally, for 20 more minutes, until onions are browned and caramelized.

Allow onions to cool.

Place cream cheese, sour cream and mayonnaise in a bowl; use an electric mixer and beat until smooth.

Add onions and mix well.

Serve at room temperature.