1 (14 oz.) can sweetened condensed milk
1 1/2 c. cold water
1 pkg. (4 serving size) instant vanilla pudding mix
2 c. whipped cream
36 vanilla wafers
3 med. bananas

In large bowl, combine sweetened milk and water. Add pudding mix. Beat well. Chill 5 minutes. Fold in whipped cream. Spoon 1/3 mixture into a 2 1/2 quart glass serving dish. Top with 1/3 each wafers, bananas and pudding. Repeat layering twice, ending with pudding. Chill. Garnish as desired. (For egg white garnish, whip 2 to 3 egg whites until very stiff with 1/4 to 1/3 cup sugar. Spoon onto banana pudding and bake in 425 degree oven until lightly browned, about 5 minutes.)