In a large pot, add all ingredients. Simmer on low to medium heat, not quite letting it bowl, for about 15 minutes.
Alternately, you could place everything in the slow-cooker.
If you want to serve the entire beverage alcoholic, you can add the butterscotch liquor right into the pot and let simmer.
If you are serving to a mixed crowd, pour 1-2 ounces to 8 ounces of apple cider mix.