Caramel and Banana Pie

My friend Jay made this pie for a church post luck many years ago. The guys at church were in charge of the whole pot luck and they had a food competition for the best dish. He won for best pie. This is definitely not a diet pie but it is very rich and yummy.

1 can Eagle Brand milk (Sweetened Condensed Milk)
1 Graham cracker crust or pastry shell
Bananas
Whipped cream; Dream Whip, or Cool Whip

Take the can of milk and remove label. Place UNOPENED can in saucepan and cover with water. Place lid on saucepan; boil over low heat for 3 hours. Remove can and LET COOL COMPLETELY BEFORE OPENING. (Note: Milk can be boiled the day before and placed in the refrigerator overnight to save time. You will need to place the milk into a bowl and stir to spreading consistency.) Place layer of bananas in bottom of crust; spread with a layer of caramelized milk and then a layer of whipped cream, Dream Whip or CoolWhip. Repeat with a second layer of each. Garnish top with toasted pecans or chocolate shavings. Refrigerate a couple of hours before serving.