In a medium saucepan over medium heat, whisk the water, sugar and cocoa powder until the sugar is completely dissolved and the mixture is thoroughly blended.
Whisk in the cinnamon, nutmeg, salt, milk, half-and-half, maple syrup, and the chocolate hazelnut spread.
Continue cooking and whisking until the mixture is completely hot and the chocolate hazelnut spread has completely dissolved.
Remove from the heat and stir in the vanilla and maple extracts.
Pour into mugs and garnish with whipped cream and a light dusting of nutmeg.