Combine ingredients (except vanilla) in a cold 12-inch iron skillet (nothing else will do). Bring ingredients to a hard boil and boil for exactly 1 minute. Pull skillet off range and allow to cool for 5 minutes (do not stir). Add vanilla and beat with a wooden spoon until fudge begins to lose it's gloss. Pour into an 8x8 inch pan and let it set up for about 15 minutes. Enjoy!
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