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For the cake:.
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Preheat oven to 350.
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Separate the eggs, reserving one of the yolks for the icing. Beat remaining 3 egg yolks until light and thick (about 5 minutes).
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Gradually add the sugar.
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Sift togther the dry ingredients.
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Add the dry ingredients to egg/sugar mixture alternately with the hot water.
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Stir in the vanilla.
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Whip the egg whites until stiff peaks form.
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Gently incorporate 1/4 of the egg whites into the batter.
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Fold remaining egg whites into batter.
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Pour batter into 9x13 cake pan and bake 30 minutes or until cake springs back when touched.
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For the Frosting:.
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Cream together the butter and the egg yolk. Sift the powdered sugar over the butter mixture and mix until smooth.
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Stir in the vanilla.
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Fold in 1/2 cup of the peanuts.
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Frost the cooled cake and sprinkle the remaining peanuts on top of the cake.
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Cut into squares (or I use a round biscuit cutter) and serve with coffee ice cream.