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1
Make the shortcakes: Cook the bacon in a large skillet over medium heat, turning occasionally, until crisp, 9 to 11 minutes; drain on paper towels.
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2
Finely chop 2 slices of the bacon and roughly chop 4 slices; set aside.
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3
Preheat the oven to 375 degrees F and line a baking sheet with parchment paper.
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4
Pulse the flour, baking powder, granulated sugar and salt in a food processor to combine.
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5
Add the butter and pulse until the mixture looks like coarse meal.
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6
Add the milk, vanilla and finely chopped bacon and pulse until the dough just comes together.
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7
Turn out onto a lightly floured surface and pat into a 5-by-7 1/2-inch rectangle.
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8
Cut out 6 rounds with a 2 1/2-inch biscuit cutter; arrange about 2 inches apart on the prepared baking sheet.
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9
Brush the tops lightly with milk and sprinkle with granulated sugar and the chopped peanuts.
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10
Bake until the shortcakes are puffed and golden brown, 15 to 18 minutes.
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11
Transfer to a rack to cool completely.
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12
Meanwhile, make the whipped cream: Beat the heavy cream, confectioners' sugar, peanut butter and vanilla in a large bowl with a mixer on medium-high speed until soft peaks form; refrigerate until ready to use.
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13
Make the caramel: Combine the granulated sugar, 3 tablespoons water and the cream of tartar in a medium saucepan.
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14
Cook over medium-high heat, swirling the pan occasionally but not stirring, until the mixture is light amber, about 7 minutes.
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15
Remove from the heat and carefully stir in the heavy cream and rum (the mixture will bubble).
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16
Return to medium heat and simmer until slightly thickened, about 1 minute; add the bananas and roughly chopped bacon.
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17
Split the shortcakes.
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18
Top with the banana mixture and peanut butter whipped cream.
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19
Photograph by Yunhee Kim