Cook the bacon in a large skillet over medium heat until it is golden and slightly crispy. You can do this in two batches if you need to.
When the bacon is cooked, lift it out with a slotted spoon to a plate lined with paper towels.
Drain of all but about 1 tablespoon of the bacon drippings, leaving all of the brown bits in the skillet.
Add in the diced onion and cook on low heat until the onions are gorgeously caramelized, about 10-15 minutes.
Add in the bourbon, maple syrup, brown sugar, and chili powder. Return the bacon to the pan. Bring everything to a boil, reduce the heat, and simmer until the liquid is reduced by half. Remove from heat.
Pour the entire contents of the skillet into your food processor and pulse it a couple times to create a spreadable consistency.
Use any way your imagination leads you.
Store leftovers in an air tight container in the refrigerator up to 2 weeks.