Drain Water chestnuts and slice open bacon and cut into thirds. Wrap each water chestnut with a slice of bacon and seal with a toothpick. Place in a 9 x13 baking dish. Bake 20 min at 350 degrees and then combine, ketchup, Worcestershire sauce, brown sugar, and honey into a bowl. Spoon generously over the bacon wrapped water chestnuts. Bake 29 minutes more until sauce is coated all over bacon. Allow to cool and then transfer to a serving plate. Enjoy!