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Preheat oven to 325.
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Combine water and 3/4 cups sugar in medium saucepan. Carmelize sugar over medium heat until color is a deep amber. Pour carmelized sugar into individual ramekins (4-6) in even portions.
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Separate 5 of the eggs, reserve yolks, discard whites.
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In a large bowl, whisk together yolks, remaining eggs, and 1 cup sugar.
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Combine milk and cream in saucepan, scald. (Heat until just before boiling, a light skin should form on the top).
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Slowly whisk hot milk mixture into the egg mixture. (This must be done in small portions or you end up with scrambled eggs!).
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Stir in vanilla. Pour evenly into ramekins.
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Put ramekins into a 9x13 pan and fill pan with a water 1/3 of the way up the side of the ramekins.
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Bake for 1 hour.
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Let cool on a rack. When cool, run a butter knife around the edges to loosen. Invert onto dessert plates.