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Cut off the leaves from the stalk, cut into large chunks, parboil (stalk for longer than leaves) and then bake in a little bit of milk/cream, topped with parmesan, salt and pepper. A great veg side dish.
It's nice in an omelette - fry some onion and garlic, add chard and wilt, then some eggs mixed up with a fair bit of grated cheese. Finish it off under the grill with more cheese on top.