Baked meringues are the epitome of "ethereal." Made by beating egg whites with sugar, they are light and airy and melt in your mouth. This recipe also calls for caramel syrup to be added to the meringue, which is then baked in a Bundt pan that's set in a hot water bath (to ensure even cooking) for a mere 8 minutes. Be sure to let the meringue cool completely in the oven, with the door propped just a bit.