METHOD
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Caramelized onion jam
Add olive oil to a saucepan and place over medium-high heat. Add the onion cut into thin slices. Season with salt, thyme, and bay leaf. While stirring regularly, saute for 8 - 10 minutes or until the onion is soft and translucent.
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Caramelized onion jam
Add the sugar and honey. Reduce the heat, and cook for 6 - 8 minutes or until the sugar and onion caramelize and become golden brown. Add the balsamic vinegar and mustard. Cook over low heat for 3 - 4 minutes and remove from the heat.
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Caramelized Onion Grilled Cheese
Spread the homemade onion jam over one slice of bread. Arrange the shredded cheese on top and cover it with another slice of bread. Spread the butter on top of the bread. Place the bread with the buttered side down into the pan. Place the pan over medium heat and cook for 3 minutes or until the bottom is crunchy and golden brown. Spread the rest of the butter on top of the bread while the grilled cheese is cooking. Turn the grilled cheese and cook for 3 minutes or until the cheese melts and the bottom is golden brown.