Place your serving glasses or mugs in the freezer to chill. This will ensure your Frozen Bourbon Milk Punch stays extra frosty.
In a blender, combine whole milk, heavy cream, bourbon, powdered sugar, vanilla extract, and ground nutmeg.
Toss in the ice cubes. The more ice, the frostier your drink will be.
Blend the ingredients until smooth and creamy. If the consistency is too thick, you can add more milk or bourbon to achieve your desired texture.
Give it a taste. If you prefer it sweeter, add a bit more powdered sugar. Adjust the bourbon quantity according to your preference for a stronger or milder kick.
Take your chilled glasses or mugs from the freezer and pour the Frozen Bourbon Milk Punch.
If you're feeling fancy, top your frozen concoction with a dollop of whipped cream and a sprinkle of ground cinnamon.