The Baileys story began in Dublin in 1974. David Dand, now known as the Godfather of Baileys, had a vision for something new, something special. Irish cream liqueur is the perfect base for your amazing homemade Baileys ice cream recipe! … Baileys ice cream is rich, sweet and full of alcohol. I like to add alcohol to ice cream because it lowers the freezing point and is very creamy and easy to remove, no matter how long the ice cream stays in the freezer.