In a bowl, combine the warm water and yeast. Set aside for 10 minutes.
In another bowl, mix the evaporated milk, eggs, and sugar.
Slowly mix it into the yeast mixture.
Slowly add the flour and salt to the mixture until the dough starts to come together.
Knead the dough and let it rise (for 1 hour).
Roll out the dough and cut it into squares.
Fry for 1 to 2 minutes on each side or until golden brown.
After frying the beignets, dust them with powdered sugar and drizzle them with honey. Enjoy!