As my son says, it is like eating French Toast for dessert. :) It is very much like French Toast with a lovely caramel sauce on it. We all like it warm best. Make sure you use a 2-quart dish. Trust me, it will boil over in your stove in a 1 1/2-quart one. Oops! And don't worry, it will fall a little bit as it cools.
- Place bread in greased 2-qt. baking dish.
- Combine water and brown sugar; pour over bread.
- Combine remaining ingredients; pour over bread.
- Bake at 350 degrees F for 50-60 minutes or until knife inserted in center comes out clean.
- Serve warm or cold.