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This is the most amazing hot chocolate ever! And if you drop a peppermint kiss into the mug, it makes a perfect peppermint hot chocolate. It's wonderful on a snowy or cold, rainy day!
in a large pot over medium heat, combine the evaporated milk, cocoa, and vanilla extract. While it heats, slowly stir in the hot water.
Heat through, stirring constantly. Divide between 4 mugs and top with whipped cream, peppermint chocolates, and/or cinnamon. Or any other favorite toppings like marshmallows and sprinkles.