ok...I planned to use this as frosting. I really really did. I'm sure it would be wonderful on a cake, but it didn't make it that far. It ended up in the fudge pan and when it cooled and thickened, it cut very nicely and tasted SOOOO good. It is a tad rich, so I cut it in small squares. I think it would also be delicious if thinned a bit more (with the evaporated milk) and used as an ice cream topping! I'll have to make more of this, especially around the holidays.