01 -
Line an 8x8 inch square baking pan with parchment paper, leaving some overhang for easy removal later.
02 -
In a medium saucepan, combine the chocolate chips, sweetened condensed milk, and butter. Melt over low heat, stirring constantly until smooth and fully combined. Remove from heat and stir in the vanilla extract.
03 -
Reserve about ¼ of the chopped Milky Way pieces for topping. Fold the remaining Milky Way pieces into the chocolate mixture, working quickly while the mixture is still warm.
04 -
Pour the fudge mixture into the prepared pan, spreading it evenly with a spatula. Press the reserved Milky Way pieces onto the top of the fudge. If desired, drizzle with caramel sauce.
05 -
Refrigerate for at least 2 hours, or until the fudge is completely set. Once set, lift the fudge out of the pan using the parchment paper overhang. Cut into 1-inch squares with a sharp knife. Store in an airtight container.