Fast Succotash

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4 strips thick-cut bacon, chopped

1 green bell pepper, chopped

1 clove garlic, minced

1 (16-ounce) bag frozen corn

1 (16-ounce) bag frozen lima beans

1 (10-ounce bag) frozen pearl onions

1 teaspoon hot sauce (recommended: Frank's Red Hot)

1/3 cup heavy cream

Salt and freshly ground black pepper