In a large bowl, mix together the pancake mix, milk and egg. Heat a nonstick griddle or sauté pan over medium heat and cook pancakes on one side. Sprinkle the chocolate chips and bacon on the non-cooked side. Flip and cook to desired doneness, about 2 minutes per side.
In a small saucepot, melt together the butter, honey and vanilla. Pour over pancakes and serve.