Well................its not REALLY red eye gravy, its just a red gravy. The real red eye gravy is made with coffee, and I don't like coffee. My grandmother made red gravy over biscuits and called it red eye gravy so I always have too.
Usually, its a morning meal that I make using fresh bacon grease. I like crispy bacon and will cook my bacon until its crisp in the grease giving it a smoked BUT NOT BURNT taste. Then I will add flour and cook it over med-low heat and add onions and bell pepper, just a little, just like I'm starting an etouffee or countless other dishes and sautee for a few minutes then add water slowly to gravy it up, add a can of diced tomatos (PLAIN), a little garlic powder, a little celery salt, some black pepper and let it simmer for about an hour and serve over biscuits.
Basically, what you see in the picture is a simple crawfish creole, only with more tomato and I "smoked' my bacon grease NOT BURNED IT very briefly when I made my roux to get that really cooked gravy flavor in with it and served it over buttermilk biscuits. It REALLY came out good.