Mix water, bourbon and Gravy Mix in small bowl until well blended and set aside.
Melt butter in large skillet on medium heat. Add onions; cook and stir 10 minutes or until softened and golden brown. Add gravy mixture to skillet. Bring to boil; reduce heat and simmer 5 minutes or until thickened. Allow to cool.
Mix sour cream and mayonnaise in medium bowl. Stir in onion mixture. Sprinkle with green onions. Refrigerate at least 1 hour. Serve with chicken fries or chips.