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Gather your supplies. I like my syrup salty, so i use 'Piratos'. But you can use just the type of licorice you like best.
Mix licorice and water in a saucepan with a thick bottom.
Let it simmer...
...while you are constantly stirs the pot.
Cook, stirring to licorice has melted completely. If it becomes too thick, add a little more water.
Done, and ready to serve over ice cream, or in cakes and desserts. It can also be used to make licorice almonds. Soon there will be a guide for that too.