Indulgent Hot Chocolate

Stir together condensed milk, cocoa powder, and vanilla in a medium bowl. Pour in cream; briefly stir and scrape down sides of bowl to combine well. Beat with an electric mixer on medium speed until soft peaks form, about 1 minute. Cover and chill until ready to use.

Whisk together coconut milk, cocoa powder, sugar, and salt, if using, in a medium saucepan. Cook over medium, whisking often, until mixture comes to a gentle simmer, 3 to 5 minutes. Reduce heat to medium-low; cook, whisking often, until slightly thickened, about 2 minutes. Remove from heat. Taste hot chocolate, and whisk in additional cocoa powder, 1 tablespoon at a time, as needed for earthy depth; or additional sugar, 1 teaspoon at a time, to curb bitterness; or water, 1 tablespoon at a time, to dilute. As needed, reheat hot chocolate in pan over medium, whisking to incorporate well. Remove from heat.

Let hot chocolate cool 3 minutes. Stir in vanilla. Pour evenly into 4 small cups. Top each with 1/4 cup chocolate whipped cream. Garnish with shaved chocolate and serve.