To make the fudge:
Grease a 9×13-inch pan with butter or nonstick spray. Set aside.
Place the cut up 2 sticks of butter and chocolate chips in a large bowl. Set aside.
Add sugar and evaporated milk to a saucepan and bring to a boil, stirring constantly for 10 minutes. Pour mixture over butter and chocolate chips.
Beat mixture for 3 minutes with an electric mixer. Add vanilla extract and beat until incorporated.
Spread mixture into prepared pan and smooth out top as needed. Chill 1 hour before topping with icing.
To make the topping:
Combine evaporated milk, sugar, and egg yolks in a large saucepan over medium heat. Bring to a boil and cook until mixture thickens, 6-8 minutes.
Remove from heat and stir in coconut and nuts.
Let mixture cool before spreading evenly over fudge. Slice, serve, and enjoy!