1 (15 oz.) can sweetened condensed milk
1 (6 oz.) pkg. semi-sweet chocolate morsels
1 tsp. vanilla
1 c. whipping cream, whipped

Combine milk and morsels in a medium bowl. Cover and microwave 2-3 minutes until soft. Stir until chocolate melts. Stir in vanilla and let cool. Fold in whipped cream. Cover and store in refrigerator for up to 2 weeks. To serve, spoon about 3 tablespoons mixture into mug. Fill with hot milk, stirring until blended.