Preheat oven to 350°F. Prepare cake batter and bake as directed on the cake mix package for a 13x9-inch pan.
Cool the cake in the pan for 10 minutes. After 10 minutes, use a large fork to pierce the cake surface at 1/2-inch intervals across the entire top.
From the can of dulce de leche, measure and set aside 2 tablespoons for the drizzle. Place those 2 tablespoons in a small microwave-safe bowl and add 2 teaspoons water; stir until blended and set aside.
In a blender, combine the remaining dulce de leche from the can, the 12 oz can evaporated milk, and 1/2 cup sour cream. Blend until smooth.
Pour the blended milk/dulce de leche mixture evenly over the pierced cake in the pan. If needed, re-pierce the surface so the liquid is absorbed.
Refrigerate the cake in the pan for 1 hour to allow the milk mixture to soak in and the cake to chill.
Microwave the reserved dulce de leche and water mixture on HIGH for 10 seconds, then stir and let cool slightly.
Spread 1 1/2 cups thawed COOL WHIP evenly over the chilled cake.
Use a spoon to drizzle the warmed reserved dulce de leche over the frosted cake. Keep the cake refrigerated until serving.