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In a pot over medium heat, mix together whipping cream, condensed milk, milk, white chocolate chips, and food coloring.
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Cook for about 45 minutes, stirring occasionally.
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Remove from heat and let cool completely.
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In a blender, add about 5 cups of ice and 2 cups of chocolate mixture.
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Blend until thick and pour into glasses.
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Garnish with whipped topping, fun sprinkles, or marshmallows.
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Enjoy!