To be specific. For a (admittedly rather large) portion for 1, I used:
2 cups water
1/2 cup grits
a few pinches of salt
3 strips bacon
Preheat oven to 350.
Put two cups water in small pot on high heat. Chop the bacon and fry it on low heat. When the water starts boiling, add salt and grits. Stir, turn heat to medium low, and simmer until the grits are done to your liking (generally around 5 minutes?). Your bacon oughta be done by then too. Dump both - together with all the bacon grease! - into a baking dish and stir thoroughly. Then use a spoon to make a sort of divot in the grits and gently crack an egg into it. Sprinkle salt and pepper on top. Slide it into the oven and bake approx 15 minutes. One could also, perhaps, go really wild and throw some cheese on there too. Oh behave!
Douse with hot sauce and enjoy.