Process: Add bacon to nonstick pan then add just enough water to cover the bottom of the pan. Cook the bacon over medium-high until the water completely evaporated, then reduce heat to medium until the bacon was crispy.
Results: Crispy and slightly chewy bacon. The strips held their shape better than bacon cooked without water,
and, perhaps more importantly, the bacon fat didn't splatter at all.
Process: Cook bacon as you normally would - most likely over medium heat until crispy.
Results: Crispy bacon with a big greasy mess (on stovetop and apron). The bacon strips seemed thinner and more brittle than the bacon cooked with water.