Mix together the cold milk and pudding mix until smooth.
2 cups cold milk, 5.1 ounces instant vanilla pudding mix
Then whisk in the vanilla extract and sweetened condensed milk.
14 ounces sweetened condensed milk, 1 tablespoon vanilla extract
Fold in the stabilized whipped cream.
16 ounces stabilized whipped cream
In a large trifle bowl, layer the pudding mixture (you will need about 1.5 cups per layer), then bananas (about 2 cups per layer), then wafers (about 2.5 cups per layer). Repeat 2 times. Finish with a final layer of pudding and crushed wafers. (Please note that there will be 4 layers of the pudding mixture, and 2 layers each of the bananas and vanilla wafers.)
10 bananas, 16 ounces vanilla wafers
Use extra vanilla wafers to round the top of the trifle bowl. Enjoy right away or cover and chill until you are ready to serve.