Actually, that was a spin-off by another set of artists. In 2011, a comic strip appeared by cartoonists Dan and Tom Heyerman called Hobbes and Bacon. The strip depicts Calvin as an adult, married to Susie Derkins, with a young daughter named after philosopher Francis Bacon, to whom Calvin gives Hobbes. Though consisting of only four strips originally, Hobbes and Bacon received considerable attention when it appeared and was continued by other cartoonists and artists.
The short version is recognized as a common idiom. One of the four on-line dictionaries I checked didn’t bother to reference the original, two others just said it was adapted from Proverbs.
See http://www.pantsareoverrated.com/archive/2011/05/10/hobbes-and-bacon/