Melt the Butter: In a heavy skillet, melt 2 tablespoons of butter over medium-high heat for about 1-2 minutes.

Char the Vegetables: Add corn, chopped onion, diced jalapeño, and chopped red pepper. Cook for 6 to 10 minutes to char lightly.

Combine the Cheese Mixture: In a bowl, mix shredded Monterey Jack cheese, mayonnaise, lime juice, and salt and pepper until creamy.

Combine and Melt: Add the cheese mixture to the skillet with charred vegetables, stirring gently, and cook for 5-7 minutes until melted.

Garnish and Serve: Remove from heat and serve warm, topped with chopped cilantro.