If I were five years old, I’d eat this for every meal, every day. Still tempting, although I’d like to see some kind of sauce on it, and maybe use kielbasa instead of hot dogs.

Made by inserting dry spaghetti in the dogs, then boiling.
via Insty.
[update]
In comments, Chanda (Hi Chanda!) says, “…Most disgusting….”
Well, yeah!
Which is exactly why five year olds would love it.
Make it with marinara sauce for blood, and tell ‘em it’s squid guts.
If this is too much, try octopus dogs, which seem to be a favorite in Japanese children’s bento, the traditional box lunches.

And here’s a site for a device that makes cutting octodogs dead easy.
