Heat the oil by pouring about 3 inches of vegetable oil into a deep pot or fryer and heat to 350°F.

In a mixing bowl, combine pancake mix, egg, and milk to create a smooth, thick batter.

Dip marshmallows into the batter, ensuring they are coated thoroughly, and shake off any excess.

Carefully place the coated marshmallows into the hot oil, frying for about 30 seconds to 1 minute until golden brown.

Remove the fried marshmallows using a slotted spoon and drain excess oil on paper towels.

Serve warm with optional toppings such as whipped cream, chocolate syrup, and sprinkles.