Prepare the hot dog however you like them. Personally, I made 6 slits in them, grill them hot and fast, and make sure it's just shy of burnt.
As dogs cook, lightly toast buns on the grill (or oven or whatever). Also, combine hot sauce, butter, and garlic and microwave on high for 1 minute (covered, unless you want a crime scene in your microwave). Let sit.
Make some dogs! I would go in this order: bun, dog, sauce, cheese, jalapenos, crushed chips. A side of buffalo sauce for dipping is a good idea. Add on other condiments (ranch, mustard, etc) as you feel so inclined!