Preheat oven to 350 degrees. In a large skillet, brown sausage. Lower heat, add onion and bell pepper and cook until tender (about 10 minutes).
In a large bowl, whisk together eggs, milk, hot sauce, salt and pepper. Put frozen tots in an even layer on a greased 9x13 baking dish. Top with 1 cups of cheese and the sausage mixture. Pour egg mixture evenly over the tots and top with remaining 1 cup cheese.
Bake uncovered at 350 degrees for 50-55 minutes, until set in the middle.
Let stand for 10 minutes before serving. Top with jalapeño slices. Enjoy!