2 c. sugar
1 c. vinegar
1 c. water
3 tbsp. cornstarch
1 tsp. pepper
1/2 tsp. salt
4 tbsp. cold water

Boil sugar, vinegar, pepper and salt for 5 minutes. Mix cornstarch and cold water, add to first mix, boil until clear. Cut 1 pound bacon in half. Wrap around 2 cans whole water chestnuts. Cook in oven until bacon is done, drain and pour above sauce over. Heat 5 minutes.