Are you channeling your best self with this comment? (If you're not sure, check out our Code of Conduct.)
Step 1: throw burnt hot dog out
Step 2: go see my answer to your last question about how to cook hot dogs well :)
In all seriousness though, probably not worth saving. Peeling off hot dog skin doesn't sound like the BEST use of time to me.
That said, if it's only mildly overdone, cut it up and pretend it's ham or bacon in the next recipe you want to get a little meaty taste into.
Depending on what kind of 'burned' you've got -- charred meat is a carcinogen, so follow step 1 above. If it's salvageable, there's always split pea soup, baked beans, etc.
Let's all guess...Is your next question "How do I recover from eating a burned hot dog?"
Add a touch of Paris to your kitchen.
Help Us Design a Kitchen Mat!
How to Cut a Watermelon
The Word is Out
5-Ingredient Lime Pudding
A Better Way to Travel