If you decide to make donut holes, cut the frying time in half. Set on paper towels to soak up excess oil and cool down. Create your glaze by combining the powdered sugar, vanilla extract, corn syrup, and hot water until it becomes smooth. (Cover when not using immediately.) Dip the top of each donut in your glaze and set on a drying rack to allow glaze to dry and any extra to drip off. Store any leftovers in an airtight container in the fridge for up to one week. You can also make the dough the night before, store it in the fridge overnight, and finish making the donuts in the morning. Enjoy!