Bake or Air-fry frozen tater tots according to their package directions. Once cooked, place tots in a single layer on a large cooking sheet.
While the tater tots are cooking, pan fry 6 strips of bacon in a skillet. Once cooked and properly crispy, remove from pan and place on a paper towel-lined plate to soak up any excess grease. Chop bacon.
Sprinkle the shredded cheese and chopped bacon all over the cooked tater tots. Place in oven and bake 5 minutes or until cheese is melted. Carefully remove from oven.
Add desired amount of cayenne pepper to the fry sauce. Start with less and add as needed to desired heat tolerance. Stir well, then set aside. Sprinkle the tops of totchos with green onion and serve with spicy fry sauce. Enjoy!