01 -
Dump milk, rice, vanilla, sugar, cinnamon, and raisins into a big pot. Put it on medium-high heat and let it warm up to a gentle boil, stirring here and there to keep the bottom from burning.
02 -
Once it's boiling, lower the heat to keep it at a quiet simmer. Stir once in a while and scrape the pan's edges to keep things smooth. Let it cook for 15-20 minutes until it's thick, creamy, and the rice is tender when you try a bite.
03 -
Take the pot off the stove. Mix in the butter and condensed milk until they're completely blended in. If it feels too thick, thin it out with a bit of milk (around 1/4 cup).
04 -
Ladle it into bowls while warm. Sprinkle with a little extra cinnamon and toss on some raisins (if you want that). You can serve it hot, or stick it in the fridge to enjoy it cold later.