This is my great aunt's recipe... yes, it contains raw eggs... but, basically, the liquor cooks 'em... yes, it's a pain in the ass to make... but it's worth it. Once you drink this, you'll never buy the crap in paper carton again. I've made this 5 times in the past 3 years, and it's always worth it.
1 dozen eggs - separated
2 cups sugar
2 cups bourbon (preferably Wild Turkey 101 proof)
2 cups rum (preferably Meyers Jamaican Dark Rum)
1 qt milk (might as well use whole milk)
1 qt whipping cream
Beat egg yolks. Add sugar gradually, beating constantly. Add bourbon and rum, beating constantly. Cover with Saran wrap and refrigerate overnight.
Next day, whip egg whites to firm peaks then fold in original yolk/liquor mixture. Add milk and whipping cream (whipped). Top with nutmeg and serve.
Makes about 1 gallon.
...and DAMN it's good... seriously.
Enjoy.