Place all ingredients in a microwave-safe bowl. Cover slightly so it doesn't splatter but steam can get out.
Microwave for 30 second intervals, stirring after each one, until butter has melted and sauce is heated through and sugar has dissolved.
Use as desired and store in refrigerator.
SNAPPY TIPS: Instead of you using the microwave, you can heat the ingredients in a small saucepan. For a less spicy version, add less hot sauce. For a spicier version add cayenne. SNAPPY SUBSTITUTIONS: You can use your favorite hot sauce, but results may vary.