Place butter & water in microwave and bring to a boil. Add 1 cup flour, stir. It will form a ball. Beat in eggs, one at a time, beating well after each addition. Place in lightly greased 12" x 9" pan. Bake at 400°F for 30 minutes. Let cool.
Soften cream cheese slightly, beat together with milk and puddings. Spread on cooled crust.
Spread on Cool Whip. Drizzle with Chocolate Magic Shell. Refrigerate.