Chipped beef gravy requires butter, all-purpose flour, milk, cayenne pepper and dried beef. The highly rated recipe for chipped beef on Allrecipes.com suggests substituting browned and drained hamburger if dried beef is not available.
Allrecipes.com's chipped beef recipe has an average rating of 4.5 stars out of five across more than 400 user reviews. To make this recipe, begin by melting 2 tablespoons of butter over low heat in a medium saucepan. Whisk in 2 tablespoons of all-purpose flour, and cook together, forming a roux.
Whisk in 1 1/2 cups of warm milk a little at a time, and increase heat to medium-high once all of the milk is incorporated. Cook until thickened, stirring regularly. When the mixture has thickened, bring the gravy to a boil.
Add one 8-ounce package of dried beef and a pinch of cayenne pepper. If using ground beef instead, brown 3/4 pound of ground beef in a separate skillet, and drain the fat. Add this ground beef in place of the dried beef. Cook until the beef is heated through, and serve over toast.
This recipe takes approximately 20 minutes to prepare and serves four people. The recipe author recommends serving the chipped beef with beer.