1. Place water, oyster sauce, sherry, peanut butter, sugar and soy in a bowl and mix to combine. 2. Brush meat, poultry or fish with glaze and grill, barbecue, pan cook or bake. Uses: Brush over kebabs for an added flavor boost. Or use as a sauce for stir-fry beef or lamb with onions. Stir in glaze just before serving.