Hot Caramelized Onion Meatball Dip

Ingredients (12)

• 1 package 32 oz. Cooked Perfect Homestyle Meatballs
• 2 Tbsp. oil
• 2 Tbsp. butter
• 2 large sweet onions
• 1 large red onion
• 1/2 cup water
• 4 ounces cream cheese
• 1/2 cup mayonnaise
• 1/2 cup sharp cheddar cheese
• Salt & pepper to taste
• Red pepper flakes
• 1 package 32 oz. Cooked Perfect Homestyle Meatballs