Krispy Kreme Donuts

Ingredients:

2 cups milk
1/2 cup butter
2/3 cup sugar
1 teaspoon salt
2 tablespoons yeast
4 eggs (beaten)
1/4 teaspoon nutmeg
5 cups SR flour

Glaze
3 cups icing sugar
1/2 teaspoon salt
1/2 teaspoon vanilla
1/2 cup cold water