In a skillet over medium heat, melt the butter.

Add the dried beef and chopped onion to the skillet.

Sauté until the beef begins to curl; then stir in the flour, ensuring it is well mixed.

Pour in the milk and cook, stirring continuously, until the mixture thickens.

Add the creamed corn and heat through.

Stir in the diced green pepper and shredded Cheddar cheese.

Cook over low heat until the cheese is fully melted.

Spoon the creamy mixture over cornbread squares or toast slices to serve.