Caramel is a muted, medium-dark rosy brown with warm undertones and a cream finish. It had intense color payoff with a smooth, creamy texture that applied evenly to the lips. Like Blushing, it sat in some of my deepest lip lines, which you can see in the close-up photo, but I couldn't see it in person. This shade lasted for four and a half hours and was hydrating. Anastasia Kristen (-, $16.00) is darker, more muted (85% similar). NYX Chocolate Crepe (P, $5.99) is darker (85% similar). MAC Show Me (DC, $19.50) is darker, more muted (80% similar). See comparison swatches / view dupes side-by-side.
FURTHER READING: Formula Overview, which is a detailed review of the range as a whole.