In a deep skillet, heat 1 inch of vegetable oil to 375°F.
Combine water and pancake mix in a small mixing bowl.
In a separate bowl, combine sugar and cinnamon, set aside.
Pour batter into a pastry bag.
Pipe 5-inch strips of batter into hot oil, keeping hands a safe distance from oil.
Fry until golden brown.
Drain on paper towels. While warm, roll in cinnamon-sugar mixture to coat.