The bacon bait isn't what it really sounds like. It's just simply wheat hanging on a fishing rod.
Crafting Recipe:
Arrow = Fishing Rod
Feather = Wheat
Uses:
-If you ride a pig and take out the bacon bait, you can actually control it more directly, and the pig will go wherever you point your cross hair.
-You cannot stop the pig you're riding from moving however unless you switch to another item.
-Note that this still can attract other animals, as if it's normal wheat
-Alt-Click: Throw wheat while it's still attached to the fishing rod.
My side comment: Finally! A useful way to keep my herd under control. XPP
Crafting Recipe:
Arrow = Fishing Rod
Feather = Wheat
Uses:
-If you ride a pig and take out the bacon bait, you can actually control it more directly, and the pig will go wherever you point your cross hair.
-You cannot stop the pig you're riding from moving however unless you switch to another item.
-Note that this still can attract other animals, as if it's normal wheat
-Alt-Click: Throw wheat while it's still attached to the fishing rod.
My side comment: Finally! A useful way to keep my herd under control. XPP