In a medium saucepan, cook and stir rice in butter for 2 minutes.Carefully stir in milk (mixture may splatter). Bring to a low boil.Cover and cook over low heat until most of the milk is absorbed, stirring occasionally (about 30 min. May appear curdled). Remove from heat.Stir in vanilla; swirl in Litehouse® Caramel Dip.Pour into 4 individual serving dishes.Top with whipped topping or a sprinkle of cinnamon if desired. Heat ¼ cup Litehouse® Original Caramel Dip in the microwave for 20 seconds.Drizzle over top of the individual servings. Serve warm.