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Place the chocolate in the bowl of a food processor and process just until finely ground (leave the chocolate in the processor).
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In a small saucepan, bring the cream to a boil.
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Remove from the heat and add the chocolate to the pan.
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Stir until the chocolate is completely melted and the glaze is smooth.
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Stir in the vanilla extract.
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Transfer the glaze to a small bowl; cover the surface of the glaze with a piece of plastic wrap and let cool for about 10 minutes before using.
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To glaze a cake, place the cake on the wire rack over a wax-paper- or foil-lined baking sheet.
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Slowly pour the glaze over the top of the cake, letting it drip down the sides.
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Let glaze set for about 30 minutes before slicing the cake.