Five grand AND free donuts for a year?! I'm grabbing my morning donut when I realize the Entenmann's box is a little more colorful than normal with markings talking about a 'fan flavor challenge' and something about $5000 dollars.

The company is kicking off a contest where you get to design your own flavor of donut. If they choose your flavor, you win $5k as well as a year of free donuts. The best part: they may even produce your flavor and distribute it if they like it enough!

Photo: KJ

You get to choose the batter type, flavor, glaze and two different toppings. The contest runs through June 14th and you can start creating your donut at Entenmanns.com.

What about Turkey Joint donuts?