2 c. sugar
2 c. self-rising flour
1 c. water
1/2 c. oil
1 tsp. vanilla
1/2 c. butter
4 tbsp. cocoa
1/2 c. buttermilk
2 eggs

Mix flour and sugar; set aside. Combine water, oil, butter and cocoa in saucepan. Bring to a rapid boil. Remove from heat; stir well and pour into flour and sugar mixture. Add buttermilk, eggs, and vanilla; mix well. Bake at 300 degrees for 40 minutes in a well-greased 13x9x2 inch cake pan.

HOT FUDGE FROSTING:

1/2 c. butter
3 tbsp. milk
2 tbsp. cocoa
1 1/2 c. powdered sugar
1 tsp. vanilla

Melt butter; add milk and cocoa and stir well. Add powdered sugar and vanilla; mix well. Pour over cake and serve while sauce is warm.