The vanilla pods can be ommited to reduce the cost but then it isn't anything like as nice.

Ingredients:
1 pint whipping cream
Two vanilla pods
One 397g can of condensed milk
Two teaspoons real vanilla extract

Whip the cream.
Cut open the vanilla pods lengthways and scrape out the seeds with the back of a knife. Add to the whipped cream.
Fold in the condensed milk and vanilla extract.
Put into a plastic container and freeze. That's all there is to it.

Recipe by Rose Elliott.