This might sound like a strange question, but it's worth asking. Technically, no, you can't make molasses at home. Commercial molasses is a byproduct of sugar refining, and it involves boiling down sugar syrup until its flavor is strong enough to suit your purposes. You can purchase refined cane or beet sugars and follow a similar process at home. That's if you want to create natural cane or beet syrups. They aren't technically molasses but identical, and some folks swear by them. You might need this list of excellent molasses substitutes for a friend. Don't forget to share your ideas!