This is the famous Magnolia Bakery Banana Pudding Recipe, made with a creamy banana pudding using sweetened condensed milk. Layers of banana pudding, homemade whipped cream, bananas, and vanilla wafers make up this delicious classic dessert.
With a standing mixer or a hand mixer, beat cold water and sweetened condensed milk until combined.
Add in instant vanilla pudding mix, and beat until combined, about 2 minutes.
Cover the pudding mixture and refrigerate for 4 hours (you have to chill the pudding, otherwise it will not set up properly).
After the pudding is set, make the whipped cream. Using a standing mixer or hand mixer, beat the heavy whipping cream until it reaches the consistency of whipped cream, about 4-5 minutes on med-high speed.
Reserve 1 1/2 cups of whipped cream, if you want to spread some on top. (If not, mix all of it into the pudding.)
Fold the remaining whipped cream into the pudding, gently folding until fully incorporated.
In your serving dish, layer vanilla wafers, sliced bananas, and pudding. Top with reserved whipped cream, and sprinkle with vanilla wafer crumbs, if desired.
Refrigerate until ready to serve (I suggest assembling this dessert just before you plan on serving, or within a few hours, if possible, otherwise the bananas and wafers will get soggy).
Recipe from Magnolia Bakery.