Cut jalapeños lengthwise and remove seeds. Place on cookie sheet and broil in oven for about 5-8 minutes, or until outsides are blackened.
Remove from the oven and carefully seal them in a sandwich bag until they cool, approximately 15 minutes. Once cooled, peel the blackened skin off and discard.
Lightly toast 2 slices of Bunny Bread for 1-2 minutes, just until bread is firm.
Spread one side of each slice with cream cheese, and spread the other side of each with butter.
Place one slice, butter side down, in a pan over medium heat.
Place jalapeños on the cream cheese side that is facing up, and top with the slice of cheddar cheese.
Place the other slice of bread on top, butter side up.
Cook until bottom is grilled to your liking, and repeat on the other side.