Cover 2 rimmed baking sheets with foil; spray with cooking spray.
Mix meat, stuffing mix, water and eggs just until blended. Shape into 50 (1-1/2-inch) meatballs; place on prepared pans.
Bake 16 min. or until done (160F). Meanwhile, bring barbecue sauce and cranberry sauce to boil in large saucepan on medium heat, stirring occasionally.
