1 can water chestnuts, sliced
1 lb. bacon
1/2 c. brown sugar
1/4 c. mayonnaise
1/4 c. chili sauce

Cut bacon in half and wrap chestnuts; stick toothpick in to hold. Bake until brown, about 15 minutes. Over medium heat combine sugar, mayonnaise, chili sauce until melted. Pour over bacon-chestnuts. Bake another 30 minutes at 325 degrees.