Ready in 45 minutes
The secret to the steak is getting the grease hot before frying the steak. The secret to the gravy is a bit of rubbed sage.
Put the vegetable oil in a large skillet and begin heating on medium heat while preparing the meat to fry (heating takes longer on an electric stove and that's what I have, so if you have gas, watch that it doesn't get too hot while you're preparing the meat). Mix flour, salt, and pepper in a medium bowl. Beat the egg in a seperate bowl and add one cup of milk and beat again to mix well. Dip each steak in the flour mixture and then in the egg mixture and back in the flour mixture and fry them in the heated oil until brown on the bottom. Turn them over and brown them on the other side and transfer to a plate lined with paper towels to drain. Put them in a warmed oven to keep them warm while preparing the gravy.
Disgard from the skillet all but about 2 tablespoons of the oil and any meat particles that might remain. Add enough of the flour mixture to make a thin paste. Add a little more salt, pepper, and the sage. Stir and brown the flour mixture using low heat. Add the remaining 2 cups of milk and stir constantly until you get a gravy consistancy. Adjust your seasoning to taste and add more milk if it gets too thick.