In the given picture, you can find two letters missing. When two particular letters are placed in the missing spots, you get an eight-letter word while reading in the anti-clockwise direction. Can you find out the missing letters and the missing word eventually?
I can sizzle like bacon,
I am made with an egg,
I have plenty of backbone, but lack a good leg,
I peel layers like onions, but still remain whole,
I can be long, like a flagpole, yet fit in a hole.