The following is a different approach to serving hot buttered rum. It is loaded with pure foods and calories! It does work well for a crowd and the mix keeps well in the freezer. The amount can be easily cut in half by purchasing a pint of ice cream instead of the quart.
Blend above ingredients in a mixer. Freeze in a covered container. At serving time, for each serving, fill a mug about 3/4 full of Hot water; add 1 heaping tablespoon of the frozen mix and 1 ounce of rum. (Light or dark) Stir well. I like it with a little more than 1 heaping tablespoon of mix but it does depend on the size of the mug. This is nice when garnished with a cinnamon stick and/or additional nutmeg. Enjoy!