Step 1

Place condensed milk, peppermint extract and vanilla extract in the bowl of a stand mixer. Add half of the powered sugar while mixer is on low. Continue adding the remainder of the powdered sugar bit by bit until a dough forms.

Step 2

Sprinkle about 3 Tablespoons of powdered sugar on a piece of parchment paper. Knead the dough a couple of times to make sure everything is well combined. Roll dough into 1/2" thick circle, keeping powdered sugar on top of the dough to prevent sticking. .

Step 3

Cut 1 to 1 1/2" circles with a cookie cutter or top of a small glass. If dough is too warm and not cutting nicely, place dough in the freezer for 15 minutes and try again. Move peppermint patties to parchment-lined baking sheet. Place in freezer for 15 minutes.

Step 4

Melt chocolate in microwave in 30 second increments, stirring each time (even if you don't think you need to) to prevent chocolate from burning. Let sit for 3-4 minutes to cool down slightly. Using a fork, dip peppermint patties into chocolate, flip to coat the other side, and place the chocolate peppermint patties back on the parchment-lined baking sheet. Top with sprinkles if you'd like. Place in the refrigerator for 20 minutes to firm up before eating.