1 can Eagle Brand evaporated milk
1 flat sponge cake
1 pt. whipped cream
Chopped nuts or shaved chocolate bits

Boil 1 unopened can of evaporated milk for 3 hours in double boiler. Cut sponge cake to line a 1 inch cake pan. Pour can of caramel over sponge cake. Spread whipped cream over caramel. Cover with nuts or chocolate chips. Freeze. Remove 1 hour before serving. Delicious!