Stir together the lemon juice, rice vinegar, soy sauce, sugar, garlic and water in a small bowl. (Use the chile if you want the sauce to have some kick) Set aside.
Slice one cocktail frank almost all the way in half lengthwise, leaving the top quarter of the frank intact. Rotate 90 degrees and slice again so you have 4 strips attached to the unsliced top of the frank. Using a sharp paring knife, cut each of the 4 strips in half so you have 8 "tentacles."
*Note* I decided to make mine full sized and used regular sized hot dogs instead of cocktail franks. To make yours smaller like the photo above, you can buy cocktail sized franks or just cut the hot dogs in half first, then create the legs. I also “cheated” and took a short cut by buying Tempura Batter in a box from the grocery store. Just add water and you’re ready to roll.