Put the Shelled Peanuts or Peanut Butter in a blender.
Pour half the water in the blender and start to blend
Gradually pour the rest of the water while blending the peanuts.
Blend thoroughly until liquified
Slowly Strain the mixture in a jug through a strainer/sieve (pour in a little at a time)
Add Condensed Milk, Vanilla Essence, Nutmeg, Cinnamon and Honey.
Mix well. Serve cold