Beef Fondue

2 lbs lean beef, preferably choice cuts of meat
peanut oil
1/4 pound butter, for added flavor
assorted sauces and relishes for dipping

Cube the meat into bite sized pieces. Make sure the meat is dry, with no liquid on it, or it will "spit" hot oil at you when you cook it in the peanut oil.
Heat the oil on the stovetop in your fondue pot on high until it is almost smoking (350 - 375 degrees F). Add the butter, putting a lid over the pan until the oil stops sizzling. Put the oil over your canned heat flame and serve immediately.
Have guests spear the meat on long skewers. Cook in hot oil for 30 seconds if you want it rare, 1 minute for medium, or 2 minutes for shoe leather. Replace the finished skewer with a raw one, and thus another will be cooked by the time you eat the first.
Dip in sauce and enjoy.