In a heavy-bottomed skillet or saucepan, combine the ground beef, chopped hot dogs, diced onion, and all seasonings. Pour in the water and stir to combine.
Cook uncovered over medium-low heat, stirring frequently. Let it simmer until the meat is fully cooked and the mixture becomes dry and crumbly. This usually takes 25–30 minutes.
If the mixture is still too wet, crumble a few saltine crackers into the pan and stir—this will help absorb excess liquid and thicken the sauce.
For best flavor, let the sauce cool and refrigerate overnight. Reheat the next day in a frying pan until warmed through. The flavor intensifies beautifully!
Store leftovers in an airtight container in the fridge for up to 4 days, or freeze for up to 3 months.