Creating No-Bake Southern Banana Pudding is simple when you follow these steps:

1. Prepare the Pudding: In a large bowl, whisk together the instant vanilla pudding mix and cold milk. Let it sit for about 5 minutes until it thickens.

2. Mix in Condensed Milk: Slowly fold in the sweetened condensed milk until fully incorporated.

3. Add Whipped Topping: Gently fold in the whipped topping and vanilla extract until the mixture is smooth.

4. Slice the Bananas: Peel and slice the bananas into medium-sized pieces.

5. Layer Ingredients: In a large trifle dish or a deep rectangular dish, start layering:
– Begin with a layer of vanilla wafers at the bottom.
– Add a layer of the pudding mixture.
– Place a layer of banana slices on top.

6. Repeat Layers: Continue layering the vanilla wafers, pudding mixture, and banana slices until all ingredients are used. Aim for at least three layers of each component.

7. Finish with Topping: After the final layer of pudding, add any remaining whipped topping on top.

8. Chill: Cover the dish with plastic wrap and place it in the refrigerator for at least 4 hours, or overnight for best flavor.

9. Serve: Once chilled, it’s time to dig in!