Preheat oven to 350 degrees. Lightly grease cookie sheet.
Seperate Crescents and set aside. Fold each piece of cheese in half and then again in half, and set aside. Cut each hot dog in half, leaving about a quarter inch at the top. Take a hot dog and place one of the folded stacks of cheese and place in between the cut hot dog. Now wrap it in the crescent and place on cookie sheet.
Bake on center rack for about 10-14 minutes. Let cool and serve.