Put the grits in a bowl and cover with the water. Let soak for 6 hours or overnight.
Quickly skim any hulls or chaff that have risen to the top of the water, and then pour everything — water and grits — into a large pot over high heat. Stir rapidly until it reaches a boil.
As soon as it boils, cover the pot and take it off the heat to “relax” for about ten minutes.
After they’ve rested, put them back over low heat, uncovered, and add the bay. Cook for 45 minutes to an hour, stirring often, until the grits are tender.
When the grits are done and you’re ready to serve, remove the bay leaves and season to taste with salt, lemon juice, and butter. Serve with additional butter and hot sauce, if you like.