Oil, for frying
1 can biscuits
For the sauce:
1 (4-ounce) bar sweet chocolate (recommended: Baker's German's)
1/2-ounce unsweetened chocolate
1 stick butter
3 cups powdered sugar
1 1/2 cups evaporated milk
1 1/4 teaspoons vanilla extract
Toppings:
Chocolate chips
Chocolate sprinkles
Toasted coconut
Colored candies
Chopped pecans
Store-bought glaze
Preheat oil in a deep-fryer to about 360 to 375 degrees F.
Remove biscuits from the can. Poke a hole in each one with your thumb. Form them into doughnuts. Drop them into hot grease and brown them on both sides until they were done about 2 minutes on each side. Don't forget to flip often.
Melt the chocolate and butter in a saucepan over very low heat. Stir in the sugar, alternating with the evaporated milk, blending well. Raise the heat to medium and bring to a boil, stirring occasionally. Lower the heat and cook, stirring, until the mixture becomes thick and creamy, about 8 minutes. Stir in the vanilla, remove the pan from the heat.
Dip cooked doughnuts immediately into the chocolate mixture before the chocolate starts to cool. Add topping/toppings of your choice.
Place the doughnuts on a plate and serve when the chocolate on the doughnuts sets, about 5 minutes.