Step 1

Preheat oven to 350°F/180°C and generously grease a 12 cup bundt pan.

Step 2

In a large bowl, whisk the dry ingredients until combined.

Step 3

In a separate bowl, whisk together buttermilk, eggs, butter, oil, vinegar, vanilla, and red food coloring until well blended.

Step 4

Add the wet ingredients to the flour mixture and mix until combined.

Step 5

Add the batter to the prepared pan. Bake for approximately 40 to 50 minutes or until a cake tester comes out clean.

Step 6

Remove from the oven and let it cool for 10 minutes in the pan, then turn it out onto a cooling rack and to cool completely.

Step 7

Remove a small amount of cake from the surface of the cake that will be on the bottom and crumble it onto a small plate and set it aside to use as decoration later (see photos).

Step 8

Blend the softened cream cheese and butter in a medium mixing bowl until smooth.

Step 9

Add the powdered sugar ½ cup at a time, blending after each addition.

Step 10

Add the vanilla and hot water 1 tablespoon at a time until the icing is the desired consistency (I like mine quite thick).

Step 11

Spoon or drizzle the icing over the cooled cake and use the cake crumbs to decorate by sprinkling them over the icing.