Combine Miracle Whip, water and vanilla.
In another bowl, combine flour, sugar, cocoa, baking soda and salt.
Add dry ingredients to Miracle Whip mixture and beat until mixed.
Stir in nuts and chocolate chips.
Transfer to greased and floured bundt pan. Bake at 350° for 35-40 minutes.
Cool in pan for 10 minutes and then remove to a wire rack.
Flavor is best if refrigerated overnight before serving.