This is great to serve on top of Texas sheet cake. Don't ice the cake if you are going to serve with hot fudge.
1 pkg. semi sweet chocolate chips
1/3 cup margarine
2 cups powered sugar
1 tsp vanilla
1 can evaporated milk
Place chocolate chips & butter in a glass measure. Microwave 1 1/2-2 minutes or until butter is melted. Stir in remaining ingredients beat with mixer until smoothing microwave for 5 minutes or until bubbly.