Add sweetened condensed milk, water, heavy cream, and vanilla pudding to a large bowl and whisk until smooth and creamy. Pour into a container and cover. Set in the refrigerator until cold and firm (about 2 hours).
• 14 oz sweetened condensed milk
• 1/2 c cold water
• 1 c heavy cream
• 1 5.1 oz package instant vanilla pudding
2.
Once pudding mixture is set, whip cream cheese with a stand (or hand) mixer. Scoop in pudding mixture and continue to whip until well blended.
• 8 oz cream cheese
3.
Fold in cool whip.
• 8 oz cool whip
4.
Gently fold in nilla wafers and bananas.
• 2 c nilla wafers
• 2 1/2 bananas, sliced
5.
Pour into a large baking dish and cover with plastic wrap. Place in the refrigerator.
6.
Chill for at least 4 hours (we recommend 24 hours).