Preheat waffle iron to medium-high heat. Stir together first 3 ingredients. Brush hot waffle iron with melted butter. Place about 3/4 cup grits mixture in prepared waffle iron; close and cook 4 minutes or until grits are golden and crisp. Repeat with remaining grits mixture.
Waffled Gruyère & Ham Grits: Prepare recipe as directed, omitting Cheddar cheese and bacon. Stir in 1 cup shredded Gruyère cheese and 1/2 cup chopped ham before cooking.
Waffled Jalapeño & Monterey Jack Cheese Grits: Prepare recipe as directed, omitting Cheddar cheese and bacon. Stir in 1 cup shredded Monterey Jack cheese and 1 jalapeño pepper, seeded and chopped, before cooking.
This recipe has a nice flavor but doesn't work in a waffle maker. I tried it, and it made an awful mess in my waffle maker. I took the remainder of the mixture and baked it in a casserole dish. Tasty but don't try to make waffles with it or you will have a real mess!