I love condensed milk. It's better in coffee and tea than sugar+cream.

I'll also use it as an ice cream topping, or spread some on sliced bread, or dip french bread into it. It's a terrific sweetener for smoothies. Or, as a kid, I'll put it on some corn flakes, or just eat a spoonful of it. I've even just mixed it with some hot water to make a tasty beverage.

And have you ever had tres leches? Mmmm....

It has to be the Borden's Eagle brand. The one with the two cows is way too gritty.