1
Melt butter in a frying pan. Add the onions, salt, pepper, onion powder, garlic powder, and cayenne pepper. Cook for 5 minutes, stirring.
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2
Reduce the heat to medium-low and cook for 20 minutes, stirring occasionally, until the onions are golden. Remove from stove and allow to cool.
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3
In a bowl, mix the cream cheese, sour cream, and mayonnaise until smooth. Add the caramelized onions and mix until just combined.
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