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To make the dough, stir together melted butter, milk, water, sugar and yeast in a medium bowl or large measuring cup. Set aside for about five minutes so that they yeast can activate. Mix the flour and salt together in a large bowl. Once the yeast has activated, make a well in the flour mixture and slowly pour in your milk mixture with one hand while stirring the mixture with a wooden spoon with your other hand. Once everything has come together into a shaggy mess, scrap the dough out of the bowl onto a clean and lightly floured work surface. Knead the dough until it becomes shiny and elastic.*
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Form the dough into a round smooth ball. Lightly oil a large bowl. Place the dough in the bowl and cover with plastic wrap. Set aside in a warm, draft free place until the dough doubles in size--this should take about an hour.**
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Towards the end of the hour that your dough is rising, mix together 1/2 cup + 2 tablespoons of light brown sugar and the cinnamon in a medium bowl. Then, melt the 4 tablespoons of butter and pour into another bowl. Grease a 9x5 loaf pan with butter and sprinkle with about 1 tablespoon cinnamon sugar mix and 1/3 of the chopped pecans.
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Once your dough has risen, remove it from the bowl and pat it into a rectangle that's roughly 4in x 8in. With a pizza wheel or bench scrapper, cut the dough rectangle into 32 pieces. Roll each piece into a little ball.
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One dough ball at a time, dip in the butter and shake a little over the bowl to get the excess butter off, then roll in the brown sugar mixture and then place in the loaf pan. Do this with half of the dough balls, filling up the bottom of the tin. Once you've got your first layer of dough balls down, sprinkle with half of your remaining chopped pecans, then repeat your butter and sugar dipping with the rest of the dough balls placing them atop of the bottom layer in the tin. Sprinkle with the remaining pecans.
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Cover the loaf tin with plastic wrap and place in a warm, draft free area to rise for an hour.
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Preheat the oven to 350*F
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Once the buns have risen (they should look puffy and be near the top edge of the pan), remove the plastic wrap and place the pan in the preheated oven. Bake for 25-30 minutes, rotating the pan at about 13 minutes to ensure even baking. When they're done baking the buns will be dark and carmelized and you should be able to see little bits of sugar bubbling. Remove from oven and cool in pan for 5 minutes. Turn out onto a plate and let cool about 10 more minutes. Pull apart and enjoy!