Add ice cream, milk, peppermint candy and a few drops of red food coloring (optional) to a blender. Blend for 1-2 minutes or until smooth and creamy.
Place the chocolate chips in the blender. Pulse the blender a few times until the chocolate chips are just combined.
Pour the blended milkshake into glasses. Top with optional whipped cream, maraschino cherry and extra crushed peppermint candy. Enjoy!
