1 lb. bacon
2 cans whole water chestnuts
1/2 c. chili sauce
1/2 c. brown sugar
1/2 c. mayonnaise

Wrap water chestnuts in bacon, insert toothpicks. Bake 10 minutes. Drain grease. Mix sauce, brown sugar and mayonnaise, pour over water chestnuts. Bake 20 more minutes at 350 degrees.