Homemade Hot Fudge Sauce

12 oz (1 1/2 cups) evaporated milk
2 cups powdered sugar
2/3- 1 cup chocolate chips (semi-sweet)
1/2 cup (1 stick) butter (no substitutes, please)

Mix ingredients together in 1 1/2 qt. pan. Bring to a boil and then boil 8 minutes until smooth and glossy and thick enough for hot fudge (if you over cook it you will make fudge!). Take off heat and add 1 tsp. vanilla and stir to incorporate. Cool.

Start timing (8 minutes) when it comes to a full boil!