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What you'll need.

Melt butter in a large skillet over medium heat.

Add dried beef and sauté about five minutes.

Until it develops a few crisp edges.

Stir in the flour and cook until it just begins to color, about 3 minutes.

Slowly whisk in the warmed milk & half and half, pepper, chives, and nutmeg. Continue cooking, stirring constantly, until thickened and creamy but still pourable, about 5 minutes.

Ladle over toast, scatter with parsley & serve. (I omitted the parsley)