1 (14 oz.) can sweetened condensed milk, not evaporated milk
1 1/2 c. cold water
1 (4 serving size) pkg. instant vanilla pudding mix
2 c. (1 pt.) whipping cream, whipped
36 vanilla wafers
3 med. bananas, sliced and dipped in lemon juice concentrate

In large bowl, combine sweetened condensed milk and water. Add pudding mix; beat well and chill 5 minutes. Fold in whipped cream. Spoon in 1 cup pudding mixture into 2 1/2 quart glass bowl. Top with 1/3 each of the wafers, bananas and pudding. Cover twice, ending with pudding. Cover and chill. Garnish as desired and refrigerate leftovers.