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BROWN meat in hot oil in Dutch oven or large saucepan on medium heat. Remove meat from pan; drain.
ADD steak sauce and water to pan; bring to boil. Return meat to pan; top with onions. Reduce heat to medium-low; simmer 1 hour 30 minutes, basting occasionally and adding additional water, if needed.
SLICE meat. Serve over hot cooked parslied noodles, if desired.