Milky Way Cake: If you're a fan of Milky Way chocolate bars, you're going to love this easy Milky Way cake recipe from scratch. With a simple caramel frosting and chopped Milky Way bars on top, this is the ultimate cake!
Preheat your oven to 325 degrees Fahrenheit and line two 9-inch cake pans with parchment paper. This will help prevent the cakes from sticking to the pan when you go to take them out.
In a large mixing bowl or the bowl of a stand mixer with the paddle attachment, cream together the butter and sugar until it is smooth and creamy.
Add in the eggs and milk and whisk (or stir with stand mixer paddle) vigorously until the mixture is smooth and runny. You want to make sure that all the egg yolks are broken.
Add in the cocoa powder, baking powder, and flour and gently mix until the dry ingredients are fully incorporated into the cake batter.
Divide the cake batter among the two cake pans and bake the cakes for 35-40 minutes, or until a toothpick can be cleanly removed from the center of each cake.
While the cake cools, prepare the frosting by mixing together the powdered sugar, butter, and caramel sauce using a stand mixer or electric mixer. Mix these ingredients until they are smooth and homogenous. If your frosting is too thick, slowly mix in milk one tablespoon at a time until it has reached the desired consistency.
Once your cakes have completely cooled, remove them from the pans and place one on a cake stand. Frost the top of the first cake, place the second cake on top, frost the top of that one, and then frost the sides to your liking.
Place the cake in the fridge to allow the frosting to set, top with caramel drizzle, chopped milky ways, and enjoy!