3/4 c. sugar
4 eggs
1 c. water
1 can sweetened condensed milk
2 tsp. vanilla

Place sugar in small heavy skillet. Heat slowly until sugar melts and turns golden brown (watch carefully, it will caramelize quickly). Pour into a warm 1 quart baking dish. Tip and turn dish quickly to coat bottom and sides thinly. Let stand, preheat oven to 325 degrees.

Beat eggs in a large bowl until foamy. Stir in milk and beat until well blended. Add water and vanilla; stir again. Pour into caramel coated dish. Set dish in a larger baking pan on oven shelf. Pour 1 inch of boiling water into larger pan. Bake in preheated oven for 1 hour or until almost set but still soft. Do not overbake; flat will set as it cools. Remove at once from pan of water and cool on a wire rack. Chill.

When ready to serve; loosen sides with knife and invert on plate. Can be served with cream or Cool Whip