In a large saucepan, add the milk and half and half. Heat over medium heat until the milk becomes hot - do not let the milk boil.
Add the white chocolate and stir occasionally until melted.
Add the extract and food coloring. Stir until well mixed.
Pour into serving glass and garnish with whipped cream, mini marshmallows and Airheads Extreme candy strip to resemble a rainbow.
ENJOY!!