This is Elote, a corn based Mexican snack. It is usually served on a stick, but here it's served in a bowl. The ingredients are bountiful: Mayo, butter, chihuahua cheese, chili powder, cilantro, lime, salt, and, of course, CORN!

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This video from El Periquito Amarillito MR shows this amazing concoction being assembled. Doing the math (thanks Google), 40 pesos is roughly 2 bucks for this heart stopping, mom slapping, shirt ruining snack!