Bring a large pot of water to boiling; place the corn into the water and bring to a boil. Cook for 6-8 minutes. Remove from the pot and drain.

Coat each cob with a small amount of melted butter.

Place the ears of corn on a hot grill, or under a broiler, until the kernals barely begin to brown. Remove from the heat.

Add more butter, spinkle lightly with chili powder. Place the corn cobs on a large platter.

Right before serving squeeze fresh lime juice over the corn; serve! (Cilantro is optional.)