Cook macaroni noodles in a large cooking pot according to package directions until al dente, about 10 minutes. Drain and set aside. While macaroni is cooking, cook bacon slices according to package directions until crisp. Drain bacon on paper towels until cool, then crumble into small pieces. Set aside.

Return macaroni noodles to cooking pot, and place on stove over low heat. Add Velveeta cheese cubes, milk, Baked Beans and bacon.

Stir mixture occasionally over low heat until cheese is completely melted and mixture is evenly mixed, about 5 minutes.

Season with salt & pepper as desired and serve immediately.