Step 1

Preheat oven to 375F. Place a wire rack over a sheet pan and set aside.

Step 2

Mix together ketchup, brown sugar, worcestershire sauce and Sriracha in a small bowl. Set aside.

Step 3

Slice bacon into thirds crosswise. Wrap one piece of bacon around a water chestnut and secure with a toothpick. Place each wrapped water chestnut onto the wire rack. Repeat until bacon and water chestnuts are gone.

Step 4

Bake in preheated oven until bacon is starting to crisp (around 30 minutes or so). Remove from oven and, using a basting brush, dab sauce all over each appetizer. Return to oven and continue cooking until bacon is crisp and sauce is sticky and thick, another 10-15 minutes.

Step 5

Serve immediately. They'll go quickly!