Add the watermelon rind chunks to a sealable container.
Add the sugar to the container and seal it shut. You can shake it around to make sure the rinds are all covered.
Put the container in the fridge for at least 12 hours, up to 24 hours. You can shake it up occasionally.
By the end of the refrigeration time, the sugar should have pulled liquid out of the rinds and created a syrup. If you have any sugar left at the bottom, give everything a good shake to try to dissolve it into the liquid.
Strain out the watermelon rinds using a fine mesh strainer as you pour the syrup into a clean container for storage.
You can use immediately, or store the syrup in the fridge for about 3 weeks.
Notes
If you have a larger container you can make a bigger batch! Zip top bags work as well, just keep them supported in the fridge.
The color of the syrup will depend on how much of the red watermelon you have left on your rinds. I had just a little bit of it, so my syrup turned pale pink.
You can also use the red part of the watermelon the same way to make a sweeter syrup with more of a regular watermelon flavor.