Prepare cake batter according to package instructions for two 8-inch rounds.
**Note: Instead of using the amount of water directed on package, substitute with milk.
Bake according to package instructions.
Leave cake in tin. While cake is still warm, poke holes all over cake. Do not poke holes all the way thru the cake, just about 3/4's in.
In a medium sauce pan, melt together condensed milk and caramel sauce. Alternatively, heat milk and caramel in the microwave. Pour warm milk-caramel mixture over warm cake. Spread evenly over cake. Let cake cool in tin. Once at room temperature, store cake in fridge until ready to assemble. (It is much easier to work with a chilled cake.)