I got this recipe off the internet. It turned out looking so festive I just had to share! The only things I did different is I used fat free sweetened condensed milk. Also I used dark chocolate chips instead of semi-sweet and Imperial margarine instead of butter.
Melt the butter in a large pot then add the cocoa and marshmallows. Continue melting over low heat and gradually add the chocolate chips and the milk. Once all the ingredients are blended and smooth, pour into a medium bowl and chill.
After chilled, roll the fudge into balls and coat with whatever you like - powdered sugar, coconut, chopped nuts, etc.