1Remove husks and silk from corn. With sharp knife, cut kernels from each cob; set kernels aside.
2In large skillet, cook bacon over medium heat until crisp. Remove from skillet; drain on lpaper towels.
3Pour off all but 3 Tbs. bacon drippings from skillet. Add corn, water, sugar, salt and pepper to skillet. Cook, stirring frequently, 15-20 minutes or until corn is tender. Crumble bacon and add to skillet; cook, stirring, about 1 minute.