The Best Banana Pudding

1 (5 ounce) package instant vanilla pudding mix

2 cups cold milk

1 (14 ounce) can sweetened condensed milk

1 tablespoon vanilla extract

1 (12 ounce) container frozen whipped topping, thawed

1 (16 ounce) package vanilla wafers

14 bananas, sliced

In a large mixing bowl, beat pudding mix and milk 2 minutes. Blend in condensed milk until smooth. Stir in vanilla and fold in whipped topping. Layer wafers, bananas and pudding mixture in a glass serving bowl. Chill until serving.