Add milk to a sauce pot and heat it through over medium heat.
Once milk is hot, add baking chocolate and caramel topping. Stir slowly until melted and incorporated.
Stir in cocoa powder and sugar. Add a pinch of cayenne pepper, stir and taste to see if there is enough heat for you. Add only add a little bit of cayenne at a time because it's very spicy and everyone handles the heat differently.
Stir and cook the hot chocolate mixture for a few minutes.
Divide mixture among two cups and add desired toppings.