Churro Waffles

Name: Churro Waffles
Ingredients: 2 quarts vegetable oil; 2 cups crushed cornflake crumbs; One 14-ounce can sweetened condensed milk (see Cook's Note); 14 ounces whole milk; 14 ounces half-and-half; 2 large egg yolks; 1 cup sugar; 2 tablespoons ground cinnamon; 10 frozen waffles, thawed; 1 cup chocolate chips; 1 cup heavy cream; 1 tablespoon light corn syrup; 1 teaspoon cayenne pepper; 1/4 teaspoon salt