I don't know about you, but my food storage includes a lot of powdered milk. Here are a bunch of recipes I've collected for using it.
Sweetened Condensed Milk
1 1/3 cups instant dry milk
1/2 cup hot water
4 tablespoons butter
3/4 cup sugar
Pour water into blender, add milk, and sugar. Blend. Add butter and blend
Thoroughly. Chill for later use. 1 1/4 cups homemade mixture equals 1 can regular sweetened condensed milk.
1 cup plus 2 tablespoons dry powdered milk
1/2 cup warm water
Whisk together all ingredients.
6 tablespoons powdered milk
1 cup water
2 teaspoons gelatin
1 1/2 tablespoons cold water
1/4 cup sugar
1 teaspoon vanilla
Dissolve the milk and gelatin in boiling water. Add sugar, stir, and chill in the refrigerator until it gels. Beat the mixture until it looks like whipped cream. Add vanilla and whip again.
1 cup powdered milk, mixed with 3 cups water
1 tablespoon butter
3 heaping tablespoons flour
1/2 teaspoon salt
Mix the water and powdered milk together. Add the flour and salt. Cook over medium heat until the gravy is thickened. Add the butter and stir until smooth.