Cut and shred red cabbage. Cook bacon and put bacon on paper towel and set aside. Put drippings in a skillet and put the cabbage in a skillet and add water and bring to a boil and reduce to medium-low heat. Add sugar, cornstarch, vinegar, salt and pepper and stir well. Add bacon and crumbled in cabbage mixture and cook for 25 minutes until the cabbage is tender and thick.