Step 1: In a large pot heat approx 2 inches of oil to 350°F.
Step 2: With a pizza cutter, cut each biscuit into fourths.
Step 3: Set paper towels on a cookie sheet and place a cooling rack on top
Step 4: Drop biscuit pieces into heated oil about eight pieces at a time; cook for about five minutes flipping them half way to brown on both sides.
Step 5: Remove from oil and place on cooling rack to drain.
Step 6: Repeat for the rest of the dough.
Step 7: FOR THE VANILLA GLAZE: In a small bowl add milk and butter; microwave about 1 minute until butter is melted. Whisk in vanilla, confectioners' sugar and salt until smooth.
Step 8: Dip donuts in glaze and replace on the cooling rack to dry.
Step 9: FOR THE CHOCOLATE GLAZE: In medium saucepan, melt butter. Remove from heat and whisk in the powdered sugar and cocoa powder till well mixed. Gradually whisk in the hot water, adding a few drops if it gets too thick at any time.
Step 10: Dip donuts in glaze and replace on the cooling rack to dry.
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