Heat 1-inch vegetable oil on medium to medium high heat. If you wish to test the oil, put a piece of bread into the oil. If it turns a deep golden brown color in a count of 40 seconds, the oil is ready.
Core the apples.
Cut into 1/4 inch thick slices (across), forming apples rings. Squeeze apples with the juice of a wedge of lemon to prevent browning.
Mix together pancake mix and water, season with nutmeg.
Place confectioner's sugar in a strainer. Place paper towels on work surface for draining.
Do apples in small batches of 5-6 slices – coat apple rings in batter and fry 2-3 minutes or until golden brown.
Transfer to paper towels to drain.
Top fritters with sugar and have dips ready-to-serve. Chocolate or caramel sauce can be used.