Place vanilla extract, butter and cream into deeper bowl and microwave for 30 seconds to warm cream and melt butter.
Microwave water in a larger bowl until boiling and remove.
Add the chocolate pieces to cream and butter mixture.
Place bowl of mixed ingredients into bowl of hot water and cover.
Allow to site for 10-15 minutes, to complete melt chocolate chips.
Place parchment paper, foil or plastic wrap in the container you will be pouring the fudge into, not only to coat the container for easier clean up, but making it easier to pull the fudge out after it sets.
Whisk all ingredients together and pout into lined container.
Allow at least an hour to cool and set, then remove, cut and serve.
Notes
Helpful cleaning up hint: After pouring the fudge mixture into the dish to set, pour the hot water from the bowl, into the smaller bowl where you mixed the fudge. The hot water will remelt and loosen chocolate mix, to then dispose of it. I would also suggest that you do not pour it down the sink. The chocolate particles may harden and p your drain.