I got this recipe from Copykat website. I haven't tried it yet, but they usually have pretty close copies.

"Red Lobster" Lobster Fondue

2c. Velveeta
1/2c. milk
1/2t. cayenne pepper
1/2t. paprika
1 broiled lobster tail or 1/4 lb. crawfish tail meats, chopped
1/2c. chopped red bell pepper

Combine all the ingredients, except red bell, in a saucepan. Heat on med-low heat until all is melted through. When ready to serve, garnish with red bell pepper.