This recipe goes back so far I can’t even remember whether I got it from my Grandmother or my Mother. It is very similar to the mild pepper rings you find at sub shops. The banana pepper (also known as the yellow wax pepper or banana chili) is a medium-sized member of the chili pepper family that has a mild, tangy taste. There are, however, some varieties that are pretty hot. I grow a bunch of all different varieties of peppers every year and pickle all of them. Most of the ones found in the grocery stores or farmers market are generally mild peppers.