To a mixing bowl, add the softened butter, sugar, cinnamon, apple sauce, and nutmeg.
Using a hand or stand mixer, whip on the high setting (using a whip attachment) until creamy.
Serve softened, right after making, or chilled right out of the refrigerator.
Serve on biscuits, muffins, corn bread, English muffins, or toast.
Store in the refrigerator.For how long this can be stored in the refrigerator, refer to the directions on the jar of apple sauce used in this recipe.