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Combine gelatin and 1/4 cup water in top of a double boiler; place over simmering water.
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Heat, stirring, until gelatin dissolves.
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Cool.
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Combine sugar and 2 Tbsp water in a saucepan; bring to a boil.
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Boil until syrup is a golden caramel.
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Remove from heat and cool for 5 minutes.
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Stir in remaining water until mixture is smooth; cool for 5 minutes.
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Stir in gelatin mixture.
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Combine egg yolks and sugar; beat until thick and creamy.
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Whisk in caramel mixture until fluffy.
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Beat egg whites until soft peaks form.
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Fold egg white mixture and whipped cream into caramel mixture.
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Spoon into serving glasses.
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Chill until ready to serve.
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Garnish with whipped cream.