1 lb. bacon
2 cans sliced water chestnuts
Toothpicks
1/4 c. mayonnaise
1/4 c. chili sauce
3/4 c. brown sugar

Cut bacon into thirds. Wrap a slice of bacon around water chestnuts. Slice and secure bacon with a toothpick. Continue doing this until bacon is gone. Place in 9x13 pan and bake 20 minutes. Drain grease.

Mix mayonnaise, chili sauce and brown sugar. Pour over baked bacon wraps and bake 20 minutes longer.