Make the Batter for Loukoumades: Combine all the ingredients for the batter in a mixing bowl or the bowl of the stand mixer. Mix until well combined. Cover and set aside to rise for at least 1½ hour.

Make the Honey syrup: Combine all the ingredients for the syrup in a small saucepan. Bring to a boil on high heat. Lower the heat and simmer for 1~2 minutes. Keep warm.

To make Loukoumades: Heat oil for deep frying. Take 2 teaspoons and dip them in water. Scoop out the batter with one spoon and gently slide into the hot oil with the other. Make sure that water does not drip into the hot oil. Dipping in water makes the batter not stick to the spoon.

Fry the loumades until golden on all sides, flipping and turning occasionally using a slotted spoon. Don't fry on too high flame make sure that the flame is medium to make perfectly golden donuts.

Remove onto a paper towel lined plate.

Repeat with the remaining batter.

To Serve: Place the loukoumades on the serving plate and drizzle generously with the honey syrup. Sprinkle chopped walnuts and serve immediately!!