Five-Minute Fudge Wreaths

By Oprah
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1 package (12 ounces) semisweet chocolate chips

1 cup butterscotch chips

1 can (14 ounces) sweetened condensed milk (save the can)

1 teaspoon pure vanilla extract

1 can (8 ounces) walnuts , plus more for topping

1/2 cup raisins or dried currants (a couple of handfuls)

Candied red and green cherries to decorate top (like holly)

Softened butter to grease an 8 inch round cake pan