- 1 (2 pound) loaf processed cheese food (such as Velveeta®), cut into 8 pieces
- 2 (7 ounce) jars pimento peppers, drained and chopped
- 1/4 cup tarragon vinegar
- 1/4 cup mayonnaise
- 1/4 cup unsalted butter
- 1/4 cup white sugar
- Combine cheese food, pimento peppers, tarragon vinegar, mayonnaise, butter, and sugar in a large saucepan or Dutch oven over low-heat; cook, stirring occasionally, until the cheese and butter are melted completely, about 20 minutes.
- Pour mixture into sealable containers and refrigerate at least 4 hours before serving.