Soak 1 pound bacon in 1 cup tequila and refrigerate for 2 to 8 hours. Drain and blot the bacon dry. Preheat the oven to 350 degrees F. Mix together 1 cup light brown sugar, 1 teaspoon ancho chile powder and a heaping 1/4 teaspoon cayenne pepper; spread out on a large plate. Press both sides of each bacon strip in the sugar mixture. Arrange the coated bacon on two parchment-lined rimmed baking sheet. Sprinkle with any remaining sugar mixture. Bake for 15 minutes, turn the bacon over and continue to bake until the bacon is golden and glazed, 15 to 20 minutes more (it will still be pliable). Remove to a rack and let cool; the bacon will harden but it won't be super crispy.
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