Wash and dice your strawberries. You should have 2 cups of strawberries after they're diced.
Add the diced berries, sugar, and water to a small saucepan and heat over medium to medium high heat. (You want the mixture to bubble but not bubble over)
Stir the mixture occasionally as it cooks and thickens for about 15 minutes. You'll notice you'll start to see the bottom of the pan as your spatula scrapes against it and the syrup thickens.
Once thickened, remove the pan from the heat and allow it to cool for about 10 minutes. Serve warm over pancakes or ice cream!
To store: allow the syrup to cool completely and store in an airtight container in the fridge for no longer than 1 week.