1/3 c. butter
2 c. powdered sugar
1 1/2 tsp. vanilla
2 to 4 tbsp. hot water

Heat butter until melted. Stir in powdered sugar and vanilla. Stir in water, 1 tablespoon at a time, until smooth and of desired consistency.

Glazes a 12 cup bundt cake or 10 inch chiffon or angel food cake.