Steeped in Southern charm and tradition from its exquisite guest accommodations to its gracious dining room to its twice-daily parade of ducks going to and from their penthouse pond to the lavish lobby fountain, the Peabody Hotel in Memphis is a slightly eccentric but civilized landmark that no traveler in the South should miss. At the Peabody, this unusual grits pudding is normally served with peach slices sautéed in honeyed orange butter. While that’s always an option at home, if you really want to dazzle guests, let the pudding stand on its own; by itself, you can better appreciate both the flavor and texture of the grits. Should you decide to use the garnish, however, simply sauté a dozen fresh peach slices in a tablespoon of butter over moderate heat till barely browned, about 2 minutes, add ¼ cup of honey, 2 tablespoons of water, and a tablespoon of grated orange rind, stir till the peaches are soft and the sauce slightly thickened, and spoon over the pudding.