In a medium saucepan over low-medium heat, combine the sugar and water. Heat and stir until the sugar has dissolved (this will only take 2-3 minutes). Do not let it boil.
Remove the syrup from heat and let it cool completely before serving. If adding the vanilla extract stir it in once you remove the syrup from the heat.
Notes
Store this syrup in an airtight jar or bottle in the fridge for up to 30 days.
Do not let this syrup come to a boil when you are heating it. It won't turn out if you do.
Nutritional values are an estimate and will vary depending on the ingredients you use.
One serving of this syrup is 1 tablespoon and nutritional information is based on that serving size.