Preheat 2 inches of oil in a deep skillet over medium heat. Insert wooden skewers into hot dogs.
Use a paper towel to remove moisture from hot dogs.
In a medium bowl, combine pancake mix, cornmeal, egg and water.
Roll hot dogs in batter until well coated.
Lower into hot oil and fry until lightly browned, about 3 minutes.
Place on paper towels to drain excess oil.