MAGIC CHOCOLATE SAUCE

1 can Borden Eagle Brand Sweetened Condensed Milk
2 squares (1-oz. each) unsweetened chocolate
1/2 to 3/4 cup hot water
1/2 teaspoon vanilla extract

In top of double boiler over hot water, combine sweetened condensed milk and chocolate. Cook; stir frequently till thickened.

Remove from heat. Slowly stir in hot water tilt sauce is of desired consistency. Stir in vanilla extract.

Serve hot or chilled.

Makes about 2 cups
From: Recipelink.com
Source: Recipe booklet: Homing Helps - a Homemakers School Cookbook, 1974