This is Donna McKenna's recipe from The $30 Week Grocery Budget.
PANCAKES and WAFFLES
2 cups all-purpose flour
5 teaspoons baking powder
1 teaspoon salt
3 tablespoons sugar
1-3/4 cups milk
1/3 cup oil or melted margarine
Combine dry ingredients. Add liquid ingredients and stir just until blended.
For pancakes: heat griddle over medium heat until a drop of water will "dance" when dropped on it. (If using an electric frying pan, set heat at 350 degrees). Lightly grease with oil. Spoon batter onto griddle and cook until the bubbles on top burst but don't fill back in. Flip pancake to cook other side. Adjust heat if pancake is too dark at this point. Continue cooking until second side is browned. Serve immediately.
For waffles: heat waffle iron and spray grids with nonstick spray. Spoon batter over grids, close lid, and cook until done. Makes 4 waffles.
1/2 recipe--1 cup flour, 2-1/2 teaspoons baking powder, 1/2 teaspoon salt, 1-1/2 tablespoons sugar, one egg, 3/4 cup + 2 tablespoons milk, scant 3 tablespoons oil or melted margarine.