1 (14 oz.) can sweetened condensed milk (NOT evaporated)
1 1/2 c. cold water
1 (4 serving) pkg. instant vanilla pudding mix
2 c. (1 pt.) whipping cream (or Cool Whip may be substituted)
36 vanilla wafers
3 med. bananas, sliced and dipped in lemon juice

In large bowl, combine sweetened condensed milk and water. Add pudding mix; beat well. Chill 5 minutes. Fold in whipped cream. Spoon 1 cup pudding mixture into 2 1/2 quart glass serving bowl. Top with 1/3 each of the wafers, bananas and pudding. Repeat layering twice, ending with pudding. Cover; chill. Garnish with banana slices and vanilla wafers, if desired. Refrigerate.