Mix hamburger, eggs, bread crumbs, salt and pepper. Shape into small meatballs and set aside.
In a large skillet, mix grape jelly and chili sauce, heat until jelly is melted. Add RAW meatballs. Simmer on low for approximately 45 minutes to an hour stirring gently about every 10-15 minutes.
The meatballs will be done at that point and you can either have them right away or take the meatballs out and refrigerate overnight, removing the fat from the sauce. Reheat meatballs and sauce and serve either on toothpicks or over noodles for a quick dinner!!