1 ring bologna
1 tbsp. crushed red pepper
1/4 tsp. cayenne pepper
1/4 tsp. salt
1 1/2 cups white vinegar
3/4 cup water

Cut ring of bologna in pieces, about 2 inches long. Place in a glass jar. Add crushed red pepper, cayenne pepper, and salt. Mix white vinegar and water. Pour over bologna. Shake well, place lid on jar and refrigerate. Should be ready in a day or two. Thanks to Mkranzel for this recipe.