My sister Jennifer makes this and it is the yummiest hot fudge you will ever try! People always rave about it when it's served. This recipe makes a generous amount- keep the leftovers in a jar in the fridge and simply heat in the microwave when you are ready to use. (Or some people have been known to take a spoon and eat it straight out of the jar while it is cold. Not me, just some people I know.)
1 1/2 c. semi-sweet chocolate chips
1 1/2 cubes butter
1 can evaporated milk (not sweetened)
3 c. powdered sugar
Melt the chocolate chips and the butter in a saucepan. Add canned mil and bring to a boil. Add powdered sugar. Cook for 5 minutes, stirring constantly.