In a large mixing bowl beat eggs. Add milk, water, and vanilla until well blended. In a separate bowl combine flour, sugar, baking powder, and salt; beat into egg mixture until smooth.

In a skillet filled with an inch of oil or a deep fryer, heat oil to 375 degrees F. Cover the bottom of a funnel spout with your finger and ladle 1/2 cup of batter into the funnel. Holding the funnel several inches above the skillet, release your finger and move the funnel in a random spiral motion until all the batter is released moving the funnel so the batter connects with itself.

Fry for approximately 2 minutes on each side or until golden brown. Drain on paper towels. Dust with confectioners sugar and serve warm.