In a large bowl, combine the pancake mix, water, and vanilla. Once the batter is mixed, add 2-3 drops of food coloring. I recommend you start with 2 drops and then add a third for a more yellow batter. Add the rainbow sprinkles and mix them into the batter.
Cook:
Heat a non-stick pan or griddle over medium heat. Grease it lightly with oil, and immediately pour ¼ cup of batter per pancake and cook each side for about 2 minutes, making sure only to flip the pancakes once and never press down with the spatula. Remove the pancakes from the stove and keep them warm while you cook the rest of the batch.
Cook’s note: some non-stick griddles can let you get away without greasing the hot surface, which will yield solid circle pancakes. A light coat of oil will also yield nearly smooth pancake tops, while using butter will yield the classic pancake circles.
Serve:
Stack them high, top the pancakes with whipped cream and additional sprinkles.
Refrigerate leftover pancakes in an airtight container for up to 4 days. Reheat for 30 seconds in the microwave or in the toaster.
Some complete pancake mixes call for 1 ¼cups of water, while others call for 1 ½ cups of water for 2 cups of mix. It’s important that you check the amounts in the back of your box and use the amount of liquid specific to your pancake mix.
If using a non-complete mix (like Bisquick) where it asks to add milk and eggs, follow the amounts listed for 2 cups of mix. Then, add the vanilla, sprinkles, and food coloring as listed in the recipe.