You are here: Home » Recipes » Best Hot Fudge Sauce Best Hot Fudge Sauce Recipe by kerinerin Yield 10-12 servings PrintEmail Ingredients 1 1/3 cups evaporated milk1/2 cup butter6 ounces chocolate bits2 cups confectioners sugar1 teaspoon vanilla Instructions Over medium heat ina double boiler melt butter and bits. Add confectioners sugar and evaporated milk. Boil 8 minutes stirring all the time. Remove from heat. Add vanilla.You could also add Kahula for adults. This is delicious over peppermint stick ice-cream. It keeps for weeks in the refridgerator.