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Lightly grease a 9" x 13" pan or shallow 2-quart casserole.
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To make the glaze: Melt the butter in a saucepan, and stir in the brown sugar and syrup. Bring the mixture to a simmer, cooking until the sugar melts. Pour the glaze into the prepared pan, spreading it to the corners.
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Lay the slices of bread in the pan, atop the glaze. Use baguettes for smaller servings, a fat loaf of Italian bread for larger servings. Leftover/stale bread works well here; kids may prefer softer, sandwich-type bread, which will make softer, smoother French toast. Adults seem to prefer bread with more body.
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To make the custard: Whisk together the cream, half-and-half, or milk, eggs or egg substitute, the flavor, and the salt. Pour it over the bread in the pan, pressing the bread down into the custard.
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Cover the pan, and refrigerate overnight, or for up to 24 hours.
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When you're ready to bake, preheat the oven to 350°F.
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Sprinkle the cinnamon and nutmeg evenly over the custard-soaked bread.
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Bake the French toast for 40 to 45 minutes, until it's bubbly and the top is very lightly browned.
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Remove it from the oven, and allow it to cool for 10 to 15 minutes before serving.
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Serve individual slices of bread, turning it over on the plate so the syrupy bottom is on top. Garnish with finely chopped toasted pecans (or chopped cooked bacon), if desired.