In a bowl or mixer, cream 1/2 cup butter and sugar. Add eggs one at a time.
Melt, over heat, remaining 1/2 cup butter and 8 Milky Way Bars.
Combine baking soda and flour in separate bowl.
Add the flour mixture alternately with the milk to the sugar mixture.
Add the melted butter and Milky Way Bar to the rest of ingredients.
Bake for 1 hour 10 minutes or until done.
Frosting
Melt all ingredients except sugar over low heat
When melted, add sugar.
Pour immediately over warm cake.
Notes
Note: Our family has never done the nuts, but they are an optional part of the recipe if you like that. You can add them into the cake batter as directed, or sprinkle on top of the frosting (or both!).