In a saucepan, gently heat the milk and heavy cream over low heat, being careful not to let it boil.
Break the dark chocolate into pieces and add it to the warm milk mixture. Stir continuously until the chocolate is completely melted and smooth.
Add the honey, chili powder, ground cinnamon, and vanilla extract. Stir well to combine all ingredients.
Let the hot chocolate simmer on low heat for another 2-3 minutes, allowing the flavors to meld together fully.
Pour into mugs and garnish with whipped cream and chocolate shavings, if desired.
Serve hot and enjoy the slightly spicy and flavorful chili hot chocolate.
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