A family favorite. This is not your ordinary caramel. This is Eagle Brand Sweetened Condensed Milk boiled into caramel. An old trick trick used by our mothers, mother. Sure to make everyone say, "MORE PLEASE", as one slice is never enough. You can even make mini pastries using a cupcake pan.
Peel the label from your Eagle Brand milk. In a large sauce or stew pot bring water to boil and place Eagle Brand Milk in water. Allow to boil for 3-4 hours. I usually allow 3 1/2 to make sure its complete. Add water every 30 minutes to keep covered. I also like to turn my can at that time, to make sure it has even heat. Once complete, set out to become room temp. I've also used while still warm.
While your Eagle Brand Milk is cooling, bake your pie shell. Peel and slice your bananas.
Open your Eagle Brand Milk to find the most amazing caramel to ever touch your tongue. Place a layer of sliced bananas as the bottom layer, then a layer of caramel. Top with more bananas and then add your cool whip. You can do as many layers as you want. Refrigerate and serve.