Line an 8-inch square baking pan with aluminum foil, leaving an overhang on the sides to lift the fudge out easily. Set aside.
In a medium saucepan over medium heat, combine the chocolate chips and sweetened condensed milk. Stir constantly until the chocolate chips have melted and the mixture is smooth.
Remove from heat and stir in the vanilla extract, mini marshmallows, and chopped walnuts.
Spread the mixture evenly into the prepared baking pan. Refrigerate for about 3 hours or until set.
Once set, lift the fudge out of the pan using the aluminum foil overhangs, cut into squares, and serve.
Notes
Store the fudge in an airtight container in the refrigerator for up to 2 weeks.