Step 1: In a large bowl, whisk together the instant vanilla pudding mixes and cold milk for 2 minutes, until thickened. Set aside for 5 minutes to allow it to set further.
Step 2: In a separate large bowl, beat the softened cream cheese until smooth and creamy. Gradually beat in the sweetened condensed milk until well combined and smooth. Stir in the vanilla extract.
Step 3: Gently fold the thawed whipped topping into the cream cheese mixture until no streaks remain. Be careful not to overmix, as this can deflate the whipped topping.
Step 4: Add the pudding mixture from Step 1 to the cream cheese mixture from Step 3. Fold gently until everything is just combined. You now have your rich, creamy banana pudding base!
Step 5: Begin assembling your easy banana pudding. In a 9×13 inch serving dish, spread a thin layer of the pudding mixture on the bottom. This helps prevent the wafers from sliding.
Step 6: Arrange a single layer of vanilla wafers over the pudding. Break some wafers if needed to fit the spaces.
Step 7: Place a layer of sliced bananas over the wafers. Try to cover as much surface area as possible.
Step 8: Spoon about one-third of the remaining pudding mixture evenly over the bananas. Gently spread it to cover.
Step 9: Repeat the layers: wafers, then bananas, then pudding. Continue until you’ve used all your ingredients, ending with a generous layer of pudding on top.
Step 10: Cover the dish tightly with plastic wrap and refrigerate for at least 4 hours, or preferably overnight, to allow the flavors to meld and the wafers to soften.
Step 11: Before serving, you can garnish with extra vanilla wafers, fresh banana slices (tossed in a little lemon juice to prevent browning), or a sprinkle of cinnamon. Enjoy your homemade easy banana pudding recipe!