Preheat the oven to 350 degrees.

Add the bread to a large bowl and pour the milk on top of the slices. Let them soak for 5 minutes.

Add the remaining meatloaf ingredients and use your hands to combine. Try to ensure that the bread is sufficiently combined into the mixture, although try not to overmix as the ground beef will become tougher and lose some flavor.

Form the meat into a loaf, (about 5 inches wide), and place it over a broiler pan to allow the fat to drain. Lining the bottom of the broiler pan with foil will make for easier cleanup.

Line the bacon over the top of the loaf and carefully tuck the ends under the bottom.

Combine the sauce ingredients and brush ⅓ of it over the meatloaf.

Bake the meatloaf for 45 minutes on the middle rack. Remove it from the oven and brush another ⅓ of the sauce over it. Bake for another 25 minutes.

Remove from the oven and let it sit for 10 minutes prior to slicing, cutting in too early will cause the juice to run out of the loaf.

Serve with the remaining sauce and enjoy!