Begin by gathering all your ingredients. Measure out the steel cut oats, water, milk, mashed bananas, flaxseed meal, vanilla extract, cinnamon, nutmeg, and salt.
In your slow cooker, add 1.5 cups of steel cut oats, 4 cups of water, 2 cups of milk, 2 mashed bananas, 3 tablespoons of ground flaxseed meal, 2 teaspoons of vanilla extract, 1.5 teaspoons of ground cinnamon, 1/4 teaspoon of freshly grated nutmeg, and 1/4 teaspoon of kosher salt. Stir the mixture well to combine all the ingredients.
Cover the slow cooker and set it to low heat. Allow the oats to cook overnight, approximately 7 to 8 hours.
In the morning, stir the oats to combine and serve hot. Top your bowl with additional banana slices and your favorite mix-ins like chopped walnuts, raisins, chocolate chips, maple syrup, or peanut butter.