I've eaten it. It's very similar to real bacon (except for the taste, of course
.) What it is, msolga, is minced turkey meat that's been pressed into paper-thin strips to look like bacon and flavored with something or other to give it a bacony taste. I believe it's considered kosher by observant Jews.
fm, ehBeth is right in that a good way to achieve crispiness is to microwave the life out of the piece of meat. But it also helps to make sure it's thoroughly drained with paper towels.
As others have already said, it'll serve in an emergency.