Combine the first 5 ingredients in a large skillet, stirring well.
Bring to a boil, stirring contstantly.
Reduce heat, and simmer 2 to 3 minutes or until mixture is thickened, stirring occasionally.
Remove from heat; stir in cherries and almond extract.
Place amaretto in a small, long handled pan; heat just until warm. Ignite with a long match.
Pour over cherry mixture, stirring gently until the flames die down.
Scoop 1/2 cup ice milk into each individuall dessert bowl. Spoon cherry mixture evenly over ice milk.
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