Once melted, add the onions, Worcestershire, salt, pepper, garlic powder, onion powder and paprika and cook for about 5 minutes and then turn down to low until caramelized, stirring occasionally. Take onions off the heat and let cool completely.
In a serving bowl, mix the sour cream and mayo in a bowl. Add the cooled caramelized onions and refrigerate at least a couple hours or overnight.
Once ready to serve, sprinkle with chopped chives and enjoy with your favorite potato chips.
Notes
Honestly, if you don't have time to let the onions cool before mixing with the sauce, then go ahead and mix them together. They will be fine!
Storage + make-ahead tips
Refrigerate by storing in an airtight container for up to four days.
Do not freeze, as dairy-based dips don’t freeze well.
Make ahead the night before to deepen flavor.
Variations + substitutions
Add heat: Use more cayenne or add minced jalapeño.
Make it smoky: Add a pinch of smoked paprika.
Use Greek yogurt: Substitute some sour cream for extra tang.
Add herbs: Stir in parsley or thyme for brightness.
Make it extra oniony: Add finely minced raw onion for a sharper bite.