1. In large bowl, mix thoroughly 1/2 cup of the mushroom soup, beef, onion soup mix, bread crumbs and egg. In 12"x8" baking pan, firmly shape meat mixture into 8"x4" loaf.
2. Bake at 350 degrees for 1 1/4 hours or until done. Spoon off 2 tablespoons drippings; reserve.
3. In saucepan over medium heat, heat remaining soup, water and reserved drippings to boiling, stirring occasionally. Thin sauce with additional wafer to desired consistency. Spoon over meat loaf. Makes 8 servings. Prep Time 5 minutes. Cook Time 1 1/2 hours.
