Preheat your oven to 350°F (175°C) and line your cupcake pans with liners.
In a mixing bowl, combine all dry ingredients, including the sifted cake mix, crushed Vanilla Wafers, sugar, baking powder, cinnamon, and salt.
Add the wet ingredients: vanilla extract, oil, eggs, mashed bananas, and milk. Begin mixing on low speed to moisten the ingredients, then increase to medium speed, blending for about two minutes until smooth and combined.
Portion the batter into the cupcake liners, filling each about ⅔ full. Bake for approximately 17 minutes, or until a toothpick inserted into the center comes out clean or with only a few crumbs.
This recipe yields around 6 ¼ cups of batter, producing about 29 cupcakes. Cool completely before decorating.