Prepare the ingredients by cutting the avocados, seeding and chopping the jalapeño peppers, mincing the garlic cloves, and rinsing and drying the cilantro leaves.
In a blender or food processor, combine the avocados, chopped jalapeños, minced garlic, cilantro leaves, lime juice, salt, pepper and water.
Blend until smooth and creamy, adjusting the consistency with additional water if necessary.
Season the hot sauce with salt and pepper to taste, and adjust the heat level by adding more jalapeño if desired.
Transfer the hot sauce to a clean jar or airtight container and store it in the refrigerator for up to one week.
Before serving, give the sauce a good stir to mix any separated ingredients.
Enjoy your creamy avocado hot sauce as a topping for tacos, burritos, grilled chicken, eggs, or as a dip for chips or veggies.