Place all ingredients in a saucepan over low heat.
1 pound white American cheese, 1/2 - 3/4 cup milk, 1 tablespoon butter, 4 oz green chilies, 3-4 pickled jalapeno peppers - chopped, 1/2 teaspoon cumin, 1/2 teaspoon garlic powder, 1 pinch cayenne pepper
Heat until melted - stirring frequently.
Add more milk if you like it thinner.
Serve immediately with chips.
Notes
We used 3/4 cup of milk.Use a heavy-bottomed saucepan, you don't want the cheese and milk to burn on the bottom. Stir frequently to help prevent burning.You can also use a small 1.5-quart slow cooker (crockpot). Start on high, stirring frequently, and then turn to low to keep warm. Perfect for parties!Optional Add-Ins - Try taco meat or crumbled chorizo. Cook the meat before adding it to the cheese.Storing - Place the dip in an airtight container and keep it in the refrigerator for up to 4 days.Reheating - Heat in the microwave at 15-30 second intervals, stirring in between each time. You made need to add a small splash of milk.