Cut beef steak crosswise into 1/4-inch thick strips. Combine 2 tablespoons hoisin sauce and beef in medium bowl; toss to coat. Cover and refrigerate 30 minutes to 2 hours.
Meanwhile, combine remaining 2 tablespoons hoisin sauce, peanut butter, lime juice and crushed red pepper. Stir in water. Set aside.
Soak eight 10-inch bamboo skewers in water 10 minutes; drain. Thread beef, weaving back and forth, onto each skewer.
Place skewers on rack in broiler pan so surface of beef is 2 to 3 inches from heat. Broil 4 to 5 minutes for medium rare (145°F) to medium (160°F) doneness, turning once. Serve with peanut sauce.
Nutrition information per serving: 281 Calories; 126 kcal Calories from fat; 14 g Total Fat; 4 g Saturated Fat; 6 g Monounsaturated Fat; 49 mg Cholesterol; 301 mg Sodium; 10 g Total Carbohydrate; 1 g Dietary Fiber; 30 g Protein; 2 mg Iron; 9.6 mg Niacin; 0.7 mg Vitamin B6; 1.5 mcg Vitamin B12; 5.3 mg Zinc; 31.4 mcg Selenium; 109.2 mg Choline;