In a saucepan over low heat, combine the unwrapped caramels with ½ cup evaporated milk.
Stir constantly until fully melted and smooth. Remove from heat and set aside.
Step 3: Prepare Cake Batter
Prepare the chocolate cake batter according to the box instructions, but replace the liquid with ½ cup evaporated milk and the oil with ¾ cup melted butter for a richer flavor.
Stir in half of the chopped pecans and half of the chocolate chips.
Step 4: Layer and Bake
Pour half of the batter into the prepared pan and spread evenly.
Drizzle half of the caramel sauce evenly over the batter.
Carefully spread the remaining batter on top of the caramel layer.
Drizzle the remaining caramel sauce on top, then sprinkle the remaining pecans and chocolate chips over the surface.
Use a butter knife to lightly swirl the caramel into the batter on top.
Bake for 40ā45 minutes, or until a toothpick inserted into the center comes out with just a few moist crumbs.
Step 5: Cool and Serve
Let the cake cool completely before slicing to allow the caramel to set.
Serve as-is or with a scoop of vanilla ice cream for the ultimate dessert experience!