Combine 1 stick of oleo, 1 cup of flour, and 3 tablespoons of cold water to create a pie dough-like mixture.

Divide the dough into two equal portions.

On a cookie sheet, pat or roll each portion into long, thin strips.

In a saucepan, combine 1 cup of water, 1 stick of oleo, and 1 teaspoon of vanilla extract.

Bring the mixture to a boil and cook for 1 minute.

Remove the saucepan from the heat.

Add 1 cup of flour to the mixture and stir until well combined.

Incorporate the eggs one at a time, ensuring each egg is fully mixed in before adding the next.

Spread this egg and flour mixture evenly over the prepared strips on the cookie sheet.

Bake in a preheated oven at 350°F (175°C) for approximately 45 minutes, or until golden brown.

Once cooled, frost the cake generously with powdered sugar.

Sprinkle a layer of nuts over the top of the frosted cake.