Step 1: Mix the Pudding

In a large mixing bowl, add 2 cups of cold milk and the instant vanilla pudding mix. Whisk together for 2 minutes until the pudding thickens. Set aside for 5 minutes to firm up.

Step 2: Add the Sweetened Condensed Milk

Once the pudding is set, stir in the can of sweetened condensed milk until completely combined. This will add an extra layer of creaminess and sweetness to the pudding.

Step 3: Whip the Cream

If you’re using heavy whipping cream, beat it in a chilled bowl with an electric mixer until soft peaks form. If desired, add 1 tablespoon of sugar while whipping. If you’re using Cool Whip, skip this step.

Step 4: Fold in Whipped Cream

Carefully fold the whipped cream (or Cool Whip) into the pudding mixture until smooth and well-incorporated. Add the vanilla extract and stir gently. This will create a fluffy and creamy texture.

Step 5: Layer the Dessert

In a large serving dish, begin layering your ingredients:

1. Start with a layer of vanilla wafers at the bottom.
2. Add a layer of sliced bananas on top of the wafers.
3. Spoon a layer of the pudding mixture over the bananas.
4. Repeat the layers until all ingredients are used, ending with a layer of the pudding on top.

Step 6: Chill

Cover the dish with plastic wrap and refrigerate for at least 4 hours, or overnight for the best results. This chilling time allows the flavors to meld together and the wafers to soften to the perfect texture.

Step 7: Garnish and Serve

Just before serving, top the pudding with additional banana slices and crushed vanilla wafers for extra crunch. If desired, you can also add a dollop of whipped cream to each serving.