In deep fat fryer or heavy saucepan, heat 2 to 3 inches oil to 350° F.
Separate dough into 8 biscuits; using small round cookie cutter, cut 3 holes out of each biscuit.
Gently place 3 or 4 doughnut holes in hot oil. Fry on one side until golden brown. Gently turn with tongs; fry other side until golden brown. Place on cooling rack; cool 2 to 3 minutes.
To set up the Doughnut Bar, arrange doughnut holes in large serving bowl, dips and toppings in small bowls along with cocktail forks for dipping.