World's Fastest Peach Cobbler Posted by kdipaolo June 4, 2001 1/2 cup butter or margarine 1 cup self-rising flour 2 cups granulated sugar, divided 1 cup milk 4 cups peaches, sliced 1/4 teaspoon nutmeg 1/4 teaspoon allspice 1/2 teaspoon cinnamon 1 teaspoon lemon extract Combine peaches and 1 cup sugar. Add spices and bring to a boil. Melt butter in 13 x 9 x 2-inch pan. Combine flour, 1 cup sugar, and milk. Mix well and pour over melted butter. Do not stir! Pour peaches and sugar mixture over batter. Bake at 350 degrees F for 30-40 minutes or until golden brown crust has formed.