To have ones skin burned in such a way to resemble bacon, or David Dickinson.
Similar to sun burn, but the man version, so incomprehensibly painful.
Sources of baconation include -
Sun beds, which chavs use
high dose radiation (its not fun)
Despite putting tonnes of sun cream on, liberally at the beach in a vain effort to show of my GUNS... I got totally baconated, still I put on a good show. Worth it.