2 oven proof bowls (about 2" deep with a handle or lip)
6 tablespoons butter (or margarine)
6 pieces Cheddar cheese, thinly sliced
3 slices crisp bacon, crumbled
To make nests: Cut bread the exact width that the bowls are deep. (Large muffin tins or popover pans will work, but the nests will need to be transferred to a serving plate.) Place bread slices in the oven-safe bowls.
With your fingers, press a deep pocket into bread, being careful not to tear through the bottom or sides. With the back of a teaspoon, coat the depression with at least 1 tablespoon softened butter. Lightly salt each 'nest'.
Break one egg into each hole and add 2 drops Tabasco sauce onto each egg. Cover the entire surface of the egg with a thin slice of cheese. Bake in preheated 350 degree oven for 20 to 25 minutes or until set. The egg should jiggle just a little. Sprinkle crumbled bacon on top of cheese and serve.