In a soup pot, heat 1 inch of oil over medium-high heat until hot but not smoking. Separate the biscuits and lay flat on a cutting board. Using an apple corer or a soda bottle cap, cut out a small circle in the center of each biscuit, forming rings. Place the rings and the "holes" in the hot oil a few at a time and cook for 1 to 2 minutes, or until golden brown, turning halfway through the cooking. Drain on paper towels. Sprinkle with the confectioners sugar and serve immediately. NOTE: Dont stop there! How bout sprinkling these with cinnamon or drizzling with melted chocolate or a sugar glaze? You can even decorate these with frosting thats been mixed with food coloring then top with rainbow or chocolate sprinkles. NOTES : 10 donuts