Pour the champagne into a small saucepan and heat over low heat for 5 minutes, allowing some of the alcohol to evaporate. This helps to achieve the right consistency for the ice cream.
Let the champagne cool completely, then in a bowl, mix it with the sweetened condensed milk, powdered sugar, and vanilla extract.
In a large bowl, whip the heavy cream until soft peaks form. Do not overwhip; you want a medium-soft consistency.
Gently fold the whipped cream into the champagne mixture until you have a smooth and creamy texture.
Pour the mixture into an airtight container and place it in the freezer for at least 4-6 hours, or until completely frozen.
Before serving, let the ice cream stand at room temperature for 5 minutes to make it easier to scoop.
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