Everyone keeps saying that they're reading the description for the recipe from the menu at Red Lobster's. But I can say WORKING THERE, it is NOT shrimp! The 3 meats used are crab meat, lobster tail meat and CRAWFISH meat. And the only recipe that I have tried that actually comes close is this one.

2 cups Velveeta
1/2 cup milk
1/2 tsp. cayenne pepper
1/2 tsp. paprika
nutmeg to taste (not required)
1 broiled lobster tail, 1/4 lb. crawfish tail meats, chopped, 1/4 lb. crab meat
1/2 cup 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.