Gather all ingredients in a mixing bowl.
Measure out the peanut butter and add it to the bowl.
Pour in the soy sauce and coconut milk.
Add honey or maple syrup for sweetness.
Incorporate rice vinegar for acidity.
Drizzle in sesame oil for flavor.
Mince the garlic and grate the ginger, then add to the mixture.
Sprinkle in red pepper flakes if desired.
Use a whisk or spatula to combine all ingredients thoroughly.
Adjust the consistency by adding water as needed.