I always cook them down to get the excess water out of them. My dad taught me to to eat them with eggs. Eggs over easy with buttered grits. Salt and pepper to taste. Mix it all up and enjoy.
Tried this for breakfast today, it was very good. I'm going to order some better grits(as a rule I don't care for "instant" foods, but instant grits seem to work best in my beer mash) and save the Quaker ones for cream ale.