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Step 1
Add all ingredients (except vanilla) to a medium saucepan over medium heat. Whisk to combine. Bring mixture to a low boil (bubble) and whisk constantly until hot fudge thickens, about 5 minutes.
Step 2
Remove from heat, add vanilla, and whisk to combine. Allow hot fudge sauce to cool, then transfer to a resealable glass jar or serve right away.
Step 3
Keep refrigerated and reheat as necessary. Enjoy!