Canadian bacon isn't that much better than American bacon IMO. I'm yet to find anywhere which sells bacon that contains much... well, bacon. It seems to always be largely made up of fat. At least if I cook it myself I can avoid cremating it.
Bacon cooked in maple syrup is pretty good though...
Yes, it really is disgusting. I don't know why people would want to watch it. I wouldn't want to watch someone eat ONE hot dog, let alone stuff a load of them in their mouth over the course of 10 minutes.