In a large bowl combine egg, onion, 1/3 cup sweet pepper, the bread crumbs, and 1 tablespoon of the soy sauce. Add ground beef; mix well. Shape into 1-inch meatballs. Place meatballs in a 15x10x1-inch baking pan. Bake in 350 degrees oven for 15 to 18 minutes or until done. Drain meatballs.
Transfer meatballs to a 3-1/2- to 5-quart crockery cooker. Add sausage links and 1 cup sweet pepper. In a bowl combine ice cream topping or preserves, vegetable juice, remaining 2 tablespoons soy sauce, the tapioca, and crushed red pepper. Pour over meatballs and sausages; stir gently to coat.
Cover and cook on high-heat setting for 2 to 3 hours. Serve immediately or keep warm on low-heat setting up to 2 hours more. Serve with toothpicks.