Ive made something called bacon candy in the past with good results. Its a recipe I copy/pasted into my own recipe stash on my pc.
Anyway, heres what I use. I dont remember the original poster or even if it was this forum.
"Pig Candy is thick sliced bacon cut into thirds and coated in dark brown sugar. The ratio is 3 lbs. of bacon to 2 lbs. of dark brown sugar (it is said that light brown just won't do). Combine the sliced bacon & sugar in a disposable aluminum pan and work with your hand until all the sugar is mixed with the bacon. Put the pan in your pit and smoke at 225 or 250 until the bacon is done to your liking, usually about 2 - 3 hours. Some folks even reserve the liquid for beans. I recommend the pan technique as it can get very messy. "