The whole secret is to let the bread soak in the whole miik for AT LEAST an hour. Get your hands dirty and keep pressing the bread down after you've broken it up - in smallish pieces. AT LEAST an hour. When all the bread has absorbed the milk, add rest of the ingredients and pour into a 9 or 10 by 3 shallow pan. Bake in a pre-heated 350 oven til brown and bubbly.
To make the boozy sauce, melt a stick of butter and combine with either rum or bourbon. This cannot be optional! You'll know when the consistancy is right.
Let the bread pudding cool for ten minutes and serve with boozy sauce.