To prepare a ultimate fudge recipe, first you need to gather your ingredients. First, you will need 2 cups of chocolate chips, 1 cup of granulated sugar, and 1 teaspoon of vanilla extract. You will also need the following ingredients: 2 ounces of semi-sweet chocolate Chips 1 pound of chopped peanuts (optional) 12 cup powdered sugar 1 tablespoon of evaporated milk Instructions: Place all of the ingredients except for the vanilla into the mixing bowl. Beat the mixture with an electric mixer on medium-high speed until it's light and fluffy, about 5 minutes. Then, stir in the remaining ingredients until they are evenly combined. Pour the batter into an 8 x 8-inch baking pan and bake for 35 to 40 minutes, or until the center is set. Allow the cake to cool before cutting it into squares.