Deep fried Coke is a thin batter flavored with Coca-Cola soda and fried until it's golden and chewy. It is usually served with cinnamon, powdered sugar, cola-flavored syrup, whipped cream and cherries for a decadent twist on the classic beverage. Deep fried Coke is most often sold at fair or carnival booths, but it is not a top secret culinary technique with complicated ingredients, so you can make your own deep fried Coke at home when the fair isn't in town.
Pour vegetable oil into a large frying pan until it reaches approximately two inches up the sides of the pan from the bottom. Set your stove to "medium high" and insert a deep fry thermometer into the oil. Heat the oil until your thermometer reads between 350 and 375 F.
Add 2 cups flour and 1 tsp. baking powder into a large mixing bowl and stir with a spoon while the oil is heating up. Crack two eggs into the bowl and mix quickly into the flour, then pour in 1-1/2 cups of Coke and stir together with a spoon to evenly combine the mixture into a batter.
Scoop approximately one heaping tbsp. of the batter and add it to the hot oil. Repeat with the rest of the batter, making sure they are in an even layer (a perfectly shaped appearance is not important). Fry the Coke batter pieces for about one minute, then use a slotted spoon to turn them over and fry them for another one minute or until the batter is a light golden brown.
Line a platter with paper towel, then use a slotted spoon to transfer the deep fried Coke from the oil onto the platter. While they are still hot, sprinkle the pieces with your preferred amount of cinnamon and powdered sugar.
Transfer the Coke pieces into bowls or cups, then drizzle each serving with cola syrup when you're ready to serve it. Top each serving with a spoonful of whipped cream and maraschino cherries. Eat deep fried Coke while it is still warm for the best taste.