Cook bacon in large skillet over medium heat. Transfer to a paper towel-lined dish to drain grease.

Pour out all but a light coat of grease from the pan and add onions. Cook until translucent. Mix in the corn and season with red pepper, salt and pepper. Pour in the bourbon while raising the heat to high. Cook for another 8-10 minutes, stirring occasionally.

Chop the bacon into small pieces and sprinkle into the pan. Combine and remove from the heat. Serve hot.