Red Sprinkles, chocolate sprinkles or crushed cherry lollipops (optional)
Instructions
Preheat oven to 350 degrees. In a large mixing bowl combine cake mix, 1 1/4 cups Coca Cola, vegetable oil and eggs. Blend ingredients together using an electric mixer, on low speed for 30 seconds, then increase speed to medium and blend mixture for 2 minutes. Pour mixture and evenly spread into a greased 13x9 baking dish. Bake 30-35 minutes or until toothpick inserted into center comes out clean. Remove from oven and allow cake to cool for 5 minutes.
Meanwhile, in medium mixing bowl, whisk together sweetened condensed milk, evaporated milk and 2/3 cup heavy cream. Add in 1 cup Coca Cola and mix until combined. Poke cake every 1/2"-1" with a long tinned fork. Slowly pour Coca Cola milk mixture evenly over entire cake. Allow cake to rest, uncovered for 30 minutes at room temperature. Cover cake with plastic wrap and refrigerate for 1 hour (or overnight) until cake has cooled completely and the majority of the milk mixture has been absorbed.
In a mixing bowl, using an electric mixer, whip heavy cream until soft peaks form. Stir in granulated sugar and whip until stiff peaks form. Spread sweetened whipped cream evenly over cooled cake. Sprinkle frosted cake with optional sprinkles or crushed lollipops. Serve immediately (note: when cutting and plating I'd recommend using a spatula to lift cake from pan, this isn't one of those cakes you can plate using a fork). Store cake in refrigerator (note that the sweetened whip cream will begin to separate after about 3 hours).
Recipe Source: Cooking Classy
Notes
If you like cool whip you could use that instead, I just prefer the real thing