1-First, gather your 14 oz of sweetened condensed milk and prepare your tools for the chosen method. For Method 1: Boiling, remove the label from the can and place it in a large pot, filling the pot with water so the can sits 1-2 inches underwater. Bring the water to a boil, then lower to a simmer and cook for 2-3 hours, adding water as needed to keep it submerged, depending on how dark and rich you want the flavor.

2-After simmering, let the can cool fully before opening it, then whisk the contents to smooth any lumps for a perfect texture. For Method 2: Baking, preheat your oven to 425°F and pour the 14 oz sweetened condensed milk into a pie dish, covering it tightly with foil. Place the dish in a deep roasting pan, add hot water halfway up the sides, and bake for 1 hour 30 minutes to 1 hour 45 minutes, checking the water level and color along the way.

3-Once baked, let it cool and whisk for smoothness. The total preparation time is about 3 hours, mostly hands-off, which fits well for busy parents or working pros. For adaptations, use plant-based milk if going vegan, and keep an eye on the mix to avoid issues with lower-fat options.