Creating Bananas Foster Pancakes is both simple and rewarding. Follow these steps to achieve delicious results:

1. Prepare Pancake Batter: In a medium bowl, whisk together flour, sugar, baking powder, and salt. In another bowl, mix milk, egg, melted butter, and vanilla extract until combined. Slowly pour the wet ingredients into the dry ingredients, stirring until just combined. Avoid overmixing; some lumps are okay.

2. Cook Pancakes: Heat a non-stick skillet or griddle over medium heat. Lightly grease the surface with butter or oil. Pour about ¼ cup of batter onto the skillet for each pancake. Cook until bubbles form on the surface and edges look set, about 2-3 minutes. Flip and cook for another 2-3 minutes until golden brown. Repeat with the remaining batter.

3. Make the Bananas Foster Sauce: In a separate saucepan, melt the butter over medium heat. Add brown sugar and cinnamon, stirring until the sugar has dissolved. Add the sliced bananas and gently toss them in the mixture. Allow to cook for about 2-3 minutes until the bananas are softened and caramelized.

4. Flambé (Optional): If desired, carefully add the rum to the pan and allow it to ignite to create a flambé effect. This adds a depth of flavor and spectacle to the dish. If you prefer not to flambé, simply cook until the bananas are tender and the sauce is bubbly.

5. Serve: Plate the pancakes and generously ladle the warm Bananas Foster sauce over the top. Add whipped cream and chopped nuts for garnish if desired.