Ready to get creative? You have a chance to create your dream doughnut — and win $5,000 and free doughnuts for a year.

Entenmann’s is holding a "Fan Flavor Challenge" from now until June 14. The challenge is easy: go to their website, pick your doughnut flavor, glaze and toppings, and then choose a great name for it.

If your creation is as great as you think, it could win you $5,000 plus free doughnuts for a year. That's a pretty sweet deal.

Your winning doughnut could be made by Entenmann's and sold at select retailers.

To enter the challenge, you must be at least 18 years old. You have until 5 p.m., June 14 to submit your doughnut creation at www.entenmanns.com/en/fanflavorchallenge.

For the official rules, click here.