Peanut Butter Meatballs

1/2 cup peanut butter (smooth or crunchy)
1/2 pound ground beef
1/4 cup finely chopped onion or 2 teaspoons instant minced onion
2 tablespoon chili sauce
1 teaspoon salt
1/8 teaspoon pepper
1 egg, beaten
2 tablespoons peanut oil

Mix peanut butter lightly with beef, onion, chili sauce, salt, pepper, and egg. Form into 3 dozen small meatballs. Fry in hot peanut oil, turning to brown on all sides. Serve hot with toothpicks.