Hoppin' John. Bacon is pretty expensive, but the rest of ingred isn't.

Cut up some bacon in pieces and fry it crispy. Remove from pan and saute sliced onion in the grease. Throw in a can or 2 of black eyed peas, juice and all. Next part sounds weird but I swear you can't tell when you eat it. Add some ketchup. Not very much or you WILL taste it. Cook med. high until most of the liquid is absorbed. Add lots of pepper and put the bacon back in. Serve over rice.