Step 1: Concept
Phase changes (like vaporization) involve overcoming intermolecular forces, not intramolecular (covalent) bonds.
Step 2: Identification of Forces
Ethanol molecules are held together in the liquid phase by hydrogen bonding (due to the -OH group) and London dispersion forces (van der Waals forces).
Step 3: Analysis of Vaporization
When ethanol turns into gas, the molecules separate from each other. This requires breaking the intermolecular attractions (hydrogen bonds and van der Waals forces) while keeping the $C_{2}H_{5}OH$ molecule intact.
Step 4: Conclusion
Vaporization breaks intermolecular forces but does not break covalent bonds.
Final Answer: (B)