Preheat oven to 325.
*Prepare grits according to package. (Every time I've made grits, it calls for 1/4 c of dry grits + 1 cup of water. I bring the water to a boil, reduce the heat, add the 1/4 c of dry grits, stir, cover, and then let them sit for 5-7 min over medium-low heat. I imagine the process will be fairly similar for you.)
Brown sausage in 12" cast iron skillet. Move sausage to a mixing bowl after it's finished cooking. (see notes)
Place stick of butter in the cast iron skillet and place skillet in oven while it continues to preheat. (See notes at the bottom if you're preparing this in a casserole dish.)
In the meantime, while the grits are cooking, you can start mixing together some of the other ingredients: pour the Jiffy mix into the bowl with the sausage, and then add the eggs and stir with a fork until eggs are incorporated into the mixture. Add cheese & green chiles.
When the grits are done cooking, uncover, stir, reduce heat to low, & pour milk into the same pan to allow it to warm up for a few minutes.
Once the milk is warm, pour the grits & milk into the sausage mixture & stir.
Remove cast iron from oven (careful, it's hot!), swirl the melted butter around the pan to coat the bottom of the pan and up the sides, and then pour the butter into the sausage mixture & stir.
Once everything is fully incorporated in the mixing bowl, pour the mix into the cast iron and place the cast iron back in the oven to bake for 40-45 minutes. (Mine needs right at about 45 minutes.)
Remove from oven, allow to sit for a few minutes, and then serve up!
Store in an airtight container in the fridge - it'll still taste great for a few days!