Fill a large pot with lightly salted water and bring to a rolling boil over high heat. Once the water is boiling, stir in the bow tie pasta and return to a boil. Cook the pasta uncovered, stirring occasionally, until the pasta has cooked through, but is still firm to the bite, about 12 minutes. Drain well in a colander. Transfer to a bowl, and refrigerate until cool.

Meanwhile, place the bacon in a large, deep skillet, and cook over medium-high heat until evenly browned. Drain the bacon slices on a paper towel-lined plate, let cool, and chop.