1. In a large microwaveable bowl, combine sweetened condensed milk with premium white chips. Microwave on high for 1-1/2 minutes to melt chips. After cooking, stir until you have a smooth texture. 

2. Add bubble gum flavoring and stir thoroughly. 

3. Add pink food coloring and blend color evenly. 

4. Pour and spread into wax paper-lined 9-inch square pan. 

5. Chill for 4 hours or until firm. 

6. Turn fudge onto cutting board, peel off paper and cut into squares. 

Store in an airtight container in a cool place.