Cool for 10 minutes.
Run a knife around the edges and the center tube of the cake.
Turn the cake out onto a rack set over waxed paper.
For the Sauce
In a small saucepan, combine the sugar, butter, and water.
Melt the butter and dissolve the sugar over medium heat.
Remove from the heat and stir in the vanilla extract.
Finishing the Cake
After the cake has cooled, poke holes in it with a skewer or fork.
Pour 1/4 cup of the sauce over the cake and let it stand to absorb the sauce.
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