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1.
When something is so good, it can only be described as 'the bacon' relating to how good bacon is.
'Wow that film was the bacon!'
by George E-OR B007nd August 19, 2008
 
2.
The Bacon has recently become a popular slang word for the H1N1 Virus (swine flu).
You may want to go to the health department and get a shot so you don't get "The Bacon"
by FriskyWhiskeyJenn October 19, 2009