solid, sugar and cocoa butter with the cocoa butter in a very particular crystal structure. and the addition of water makes those parameters nearly if not totally impossible. to get into why that is it is probably helpful to talk about the pertinent kinds of solids we are talking about here. first off...
it's made with cocoa powder, strong coffee (made with a good quality brand), heavy cream, milk, sugar, peppermint extract, and a dash of salt. it's important to use both a good tasting cocoa powder and good quality coffee because it affects the flavor. i personally love the trader joe's brand of cocoa...