Johnny Rocket's Fried Onion Rings

1 medium yellow sweet onion, sliced 1/3-inch thick
2 eggs, beaten
1/4 cup water
1 cup cracker meal
1/4 teaspoon salt
Peanut oil

Mix egg with water; set aside.

Mix cracker meal with salt and set aside.

Heat oil for deep frying. Dip individual onion rings in egg mixture, then coat with cracker crumbs. Place in egg mixture again, and coat a second time with cracker crumbs. Carefully place onion rings in hot oil and fry until light golden. Remove from oil and drain.