Preheat oven to 400.

Mix eggs and 1/4 cup water in the bowl to make an egg wash.

Cut jalapenos lengthwise, remove seeds and white membranes with a spoon.

Cut Velveeta into 24 1/2" x 1/2" x 3" strips.

Dip Jalapeno half and cheese strip in egg wash.

Sprinkle with and roll in panko crumbs.

Wrap in 1/2 strip of bacon and place on baking sheet.

Bake for about 30 minutes or until bacon is crispy.