Preheat oven to 375ºF (190ºC). Butter a 9X13-inch baking dish or spray with nonstick cooking spray; set aside.
In a medium mixing bowl, stir together oatmeal (1 cup), baking soda (1 teaspoon), and water (1 1/4 cups) then allow to stand for 20 minutes.
In another large mixing bowl, using a handheld electric mixer, cream together butter (1/2 cup) and sugars (1 cup brown sugar + 1 cup granulated sugar) on medium speed, until light and fluffy, about 2 minutes.
Add eggs (2) to the butter mixture and beat just until combined. Stir in the oatmeal mixture and vanilla (1 teaspoon) into the creamed mixture.
Gradually stir in flour (1 1/3 cups) and cinnamon (1 teaspoon) and blend until combined. Pour into prepared pan and bake in preheated oven, for 25-30 minutes, or until a toothpick inserted in the center of the cake comes out clean. Set the cake on a wire baking rack.
Make Topping:
Adjust oven to 450ºF (232ºC).
When the cake has about 7 minutes left to bake, start glaze.
Add all the glaze ingredients to a small saucepan. Melt over low heat.
Assembly:
Pour glaze over warm cake.
Place glazed cake in 450ºF (232ºC) oven, watching constantly, until the glaze has bubbles.
Notes
Stand-Up Mixer: If creaming sugar and butter, I typically use the stand mixer. My arm gets tired with a handheld, and the stand mixer does the work for you.
Variations: Add raisins (1/2 cup) if desired. Omit the shredded coconut and/or nuts and just top with the glaze. But don’t skip the last step. Getting the glaze hot and bubbly is a big part of this cake’s charm!