Ingredients:

• 6 slices bacon, chopped
• 2 sweet onions, cut into thin strips
• 2 tablespoons molasses
• 1/4 teaspoon salt
• 1/4 teaspoon pepper

Directions:

1. Place bacon in a heavy skillet. Cook over medium-high heat until crisp. Remove bacon, reserving 1 tablespoon drippings in skillet. Crumble bacon, and set aside.
2. Cook onions in reserved drippings for 15 minutes, or until onion is soft and caramel colored. Stir in molasses, salt and pepper. Place in a serving dish, and sprinkle with crumbled bacon.

For another way to carmelize onions, check out this step by step guide at All Recipes or check out eHow’s instructions.