Vanilla Sauce....
Source: Jim Mixson as derived from several web recipes

1 C white sugar
2 T corn starch
1 C water (to consistency)
1/4 C melted butter
2 t vanilla extract

Combine sugar and corn starch in a small sauce pan. Whisk in the
water, butter and vanilla extract; blend well. Bring to a boil 
and continue for one minute, stirring constantly.
Serve warm over bread pudding or similar dessert.
See a Bread Pudding recipe.