- 2 (8 ounce) cans water chestnuts, drained
- 1/3 cup soy sauce
- 1 pound bacon, halved crosswise
- 20 toothpicks, or as needed
- 1/3 cup packed brown sugar
- 1/3 cup mayonnaise
- 1/3 cup chili sauce
- Soak water chestnuts in a bowl with soy sauce for at least 3 hours; drain.
- Preheat oven to 350 degrees F (175 degrees C).
- Wrap each water chestnut with a piece of bacon; secure with a toothpick and arrange on a shallow baking dish. Repeat with remaining water chestnuts.
- Bake in the preheated oven until bacon is crisp, 25 to 35 minutes.
- Meanwhile, mix brown sugar, mayonnaise, and chili sauce in a bowl until dipping sauce is smooth. Serve bacon-wrapped water chestnuts with dipping sauce.