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Spread peanut butter onto bread and lay slices in a well-buttered baking dish or moulds, overlapping them. Sprinkle sultanas or bananas between layers.
Warm milk and cream together in a pan, then add nutmeg. In a bowl, whisk eggs and sugar until light and fluffy, then add milk mix.
Pour some of the mixture over bread and leave to soak for two minutes, then add more mixture. Sprinkle peanuts and brown sugar over top, and bake in a pre-heated oven at 180 degrees celsius for 35 minutes.
To make the Sabayon, heat yolks in a bowl over a pan of boiling water. Whisk in caster sugar. Add bourbon and continue to whisk until mixture has doubled in volume. Serve with the pudding.
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