Growing up in rural Oklahoma during the 60's and 70's I had never heard of Daylight Donuts, Winchells or Krispy Kreme. Whenever we had a craving for donuts this is how my Mom made them.
They were made from cheap store bought biscuits.
You want to have everything ready before you start frying your biscuits, I mean donuts. You need a plate with paper towels to drain your donuts and whatever your want to dip your donuts in. We always used a mix of sugar and cinnamon and a simple glaze made with powdered sugar, milk and vanilla.
Open your biscuits and cut out holes from the center. These will be your donut holes.
Your oil should be very hot but not smoking. Carefully brown each side of your donut, drain and dip. These are best served warm and with a glass of cold milk.
A lot like Krispy Kreme, don't you think?