Evaporated milk is a great substitute for heavy cream when you want to trim down a recipe: It's 16 grams of fat and 120 calories lighter per 1/4 cup. Evaporated milk is thick and creamy and it doesn't curdle when heated the way low-fat milk can. Try it in soup, mac and cheese, or creamed veggies, like in the Chile-Rubbed Steak with Creamed Corn recipe from Food Network Magazine.