Cook bacon strips according to the directions on the package.
Preheat oven to 350°.
Beat eggs in a bowl and stir in milk.
Beat in flour and sugar until smooth. Stir in vanilla extract and fold in oil.
Pour pancake mixture into shot glass mold and wipe off any excess batter.
Bake for 20 minutes or until a toothpick inserted into the pancake shot glasses comes out clean.
Remove shot glass mold from the oven, let cool for a few minutes and with a sharp knife slice off any pancake remnants that baked over the top of the mold so your shot glasses end up with a flat bottom.
Fill each pancake shot glass with syrup and garnish with half a slice of bacon.