Creating Condensed Milk Bread is simple and enjoyable if you follow these steps:

1. Activate Yeast: In a small bowl, combine warm milk, sugar, and yeast. Let it sit for about 5-10 minutes until frothy.
2. Mix Wet Ingredients: In a large mixing bowl, whisk together the condensed milk, melted butter, eggs, and vanilla extract.
3. Combine Mixtures: Add the activated yeast mixture to the wet ingredients and stir until well combined.
4. Add Dry Ingredients: Gradually add the flour and salt to the wet mixture, stirring until a soft dough forms.
5. Knead the Dough: Turn the dough onto a lightly floured surface and knead for about 8-10 minutes until smooth and elastic.
6. First Rise: Place the kneaded dough in a greased bowl, cover with a damp cloth, and let it rise in a warm place for about 1 hour, or until doubled in size.
7. Shape the Dough: Punch down the risen dough and turn it out onto a floured surface. Shape it into a loaf or divide it into smaller portions for rolls.
8. Second Rise: Place the shaped dough into a greased loaf pan or on a baking sheet. Cover and let it rise for another 30 minutes.
9. Preheat Oven: While the dough is rising, preheat your oven to 350°F (175°C).
10. Bake: Bake the bread in the preheated oven for 30-35 minutes, or until golden brown and sounds hollow when tapped.
11. Cool: Remove the bread from the oven and let it cool in the pan for 10 minutes. Then transfer it to a wire rack to cool completely.

Following these steps will guide you in creating this incredible bread effortlessly!