1 (18.25 ounce) can sweetened condensed milk
1 (12 ounce) package strawberry flavored Jell-O
1 (8 ounce) container frozen whipped topping, thawed
1 1/4 cups all-purpose flour
1 tablespoon baking powder
Preheat oven to 350 degrees F (175 degrees C). Grease and flour two 9- inch round cake pans.
In a large bowl, stir together condensed milk, gelatin, whipped topping, flour, baking powder and remaining gelatin. Pour filling into prepared pans. Cover and refrigerate overnight.
Pieces of cake are sliced and arranged into while still in the freezer.