Place all of the ingredients in a blender - I used 1 1/2 t vanilla 1/2 t rum extract and 1/2 t brandy extract), and blend for 30-60 seconds, or until smooth. Chill for several hours. Shake or stir eggnog well to blend before serving. Serve in glasses or mugs with an additional sprinkle of nutmeg.

had - it is even thick! This rich-tasting version has none of the fat of regular eggnog.