In a pot over medium heat, melt chocolate. Add sweetened condensed milk and stir until smooth.
Gradually add milk, whisking until smooth.
Whisk in vanilla and peppermint schnapps and serve.
Notes
Topping a hot mug with a dollop of my homemade 2 ingredient whipped cream is a treat, but adding mini chocolate chips or crushed candy canes makes it dessert!
I enjoy dusting my whipped cream with cocoa powder.
Add as much (or as little) peppermint schnapps as you would like, but this ratio works well for us.
You can also use any kind of hot cocoa mix! Simply add 1.5 ounces of peppermint schnapps to 3/4 cup of hot cocoa.