In the work bowl of a food processor, pulse cream cheese until smooth. Add mayonnaise, and pulse to combine. Add peppers and pimientos; pulse until coarsely chopped.
Add Cheddar, hot sauce, Worcestershire, sugar, salt, black pepper, and red pepper; pulse until mixture reaches desired consistency. Cover and refrigerate for up to 5 days.
Recipe by Taste of the South at https://tasteofthesouthmagazine.com/fried-green-tomato-pimiento-cheese-blt/