Boil the can of sweetened condensed milk for 2 hours, add more water if needed Remove the can and place into a bowl of iced water to allow it to cool. Be Sure To Cool The Can Before Opening! The Can Will Explode When Opening, If You Do Not Let It Cool Properly. Once the can has cooled, place the peaches into a bowl and pour the caramelized milk over them. Pour the Snapple over the dessert.