As defined in the YouTube video Hover Bacon, it is bacon that can fly.
Can you imagine a world with Hover Bacon?
Can you imagine if pork had levitation?
refers to an usually fat middle-aged woman's saggy rack, supposedly because they resemble the character Bert from the children's TV show Sesame Street's long oval-shaped head.
That old fattie sure has a pair of Bert and Ernie's.