Background and Purpose —Ultrasound (US) plaque characterization has great potential with regard to maximizing the information traditionally gathered with spectral Doppler examination. It can directly visualize plaque and quantify better features such as surface morphology, geometry, volume, and echotexture via B-mode and the three-dimensional (3D) imaging mechanism. One of the major pitfalls of carotid imaging is the use of freehand manual manipulation. The application of angling, steering, as well as variability in the technical parameters, can increase the interobservation inconsistency. A limited number of commercial phantoms are available to teach this advanced technique but come at a high cost. We developed a home-produced phantom model to practice and teach carotid atherosclerotic disease imaging. We also investigated interobservation variability using two-dimensional (2D) characterization and 3D mechanical planimetry. This study presents a recipe to create an ultrasonic phantom that simulates a diseased carotid artery segment and how it can be used in identifying the 2D and 3D US interobservation variability. Methods —We created five tissue-like phantoms to simulate various types of diseased plaque segments. To simulate the plaque, a piece of frankfurter was cut and detailed to represent various forms of diseased plaque. Each mould contained dissimilar types of mimicked-plaque, including a soft-plaque, fissured, ulcerated, irregular surfaced, and calcified segment. We used a mixture of gelatin and Metamucil to mimic a previously published soft-tissue mixture. To create a vessel, we used a powder-free, nitrile examination glove. The frankfurter was held in place inside the middle finger of the glove using adhesive gel and filled with mineral oil. Preparation included interval refrigeration of the concoction of the mould. Trained sonographers imaged the plaque using a linear small parts probe for 2D and a mechanical 3D probe for 3D US. Two neuroradiologists assessed the corresponding images and reported their findings including the internal plaque contents, volume, and geometry. Analysis was performed on the inter-observation and inter-reading variability. Results —Interobserver and interreader reliabilities were high, and plaque volume measurement variability decreased with increasing plaque volume. There was increased sensitivity and specificity for each plaque phantom with the use of 3D versus 2D alone. Neuroradiologists reports were 96% sensitive and 97% specific, respectively, when they used combined 2D and 3D US. Conclusion —We created a 2D and 3D vascular US carotid phantom. This phantom is an excellent educational tool to simulate various degrees of diseased carotid segments; moreover, it can be made easily and inexpensively and is reusable. This phantom represents the vessel anatomy and pathology extremely well. We implemented a standardized scanning protocol and created a plaque morphological worksheet to cover all plaque characterization criteria and achieve optimal imaging. Results indicated minimal interobservation and interreader variability. Additional studies are required to address the phantom's longevity and whether or not it can improve the sonographer's skills.