1. In a large bowl combine warm water and yeast. Let sit for 5-10 minutes.
  2. Beat eggs and add them to the bowl along with milk, sugar and salt.
  3. Add the shortening to the dough mixture and combine.
  4. Use an electric mixer or a whisk and slowly add the flour. The dough should be sticky, stop adding flour when the dough gets sticky.
  5. Transfer the dough into a larger greased bowl and cover with a towel. Allow the dough to chill in the refrigerator for 5 hours.
  6. Cover a large work surface with a thin layer of flour. Drop the dough onto the work surface and roll it until it is about ½ inch thick.
  7. Use a pizza cutter to cut the dough into 2 in. squares.
  8. In a fryer of your choice heat oil to 360°.
  9. Slightly stretch and drop each beignet into the oil. Cook 2 minutes on each site, or until the beignets are golden brown.
  10. Drain excess grease on a paper towel and cover immediately with a generous layer of powdered sugar.