Cook macaroni in salted boiling water for 7–8 minutes until al dente. Drain and set aside (don’t rinse).
Heat oil in a skillet over medium. Sauté sliced hot dogs for 4–5 minutes until browned and slightly crisp.
Push hot dogs aside. Add smoked ground beef and cook for 6–8 minutes, breaking it up as it browns. Mix with hot dogs.
Stir in chili, chipotle powder, garlic powder, salt, and pepper. Simmer for 3–4 minutes.
Add macaroni to the skillet. Stir well and cook for 2–3 minutes to blend flavors.
Top with smoked cheddar. Cover and melt on low heat for 2–3 minutes.
Serve straight from the skillet—hot, cheesy, and satisfying.