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Put milk in a pan and bring to a boil, then immediately remove from heat to cool.
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In a small bowl, combine hot water and yeast.
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Let sit while rising, about 10 minutes.
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Combine the milk, sugar, salt, eggs, Crisco and the 2 ½ cups of All Purpose flour. Mix well, and then add yeast.
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After combined, add the additional 3 cups of cake flour.
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Mix on high for 3-5 minutes, until the dough is smooth.
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Cover the mixing bowl with plastic wrap and let rise at least an hour.
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Roll out dough onto a lightly floured surface about ½ inch in thickness.
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Cut doughnuts with cutter.
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Let them rise another 30 minutes.
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In a large heat 1 qt of vegetable oil to 350 degrees.
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Fry the doughnuts and doughnut holes just until golden brown, flip.
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Grab with tongs and place on paper towels.
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Dip in powdered sugar, cinnamon sugar, glaze, or make a topping.
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Make peanut butter frosting with peanut butter, powdered sugar, and milk. Mix the 3 until well blended.
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Use pastry tips to squeeze jelly into top of doughnut in a few spots
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Dip doughnuts into Peanut butter frosting
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Sprinkle with peanut butter chips
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Drizzle with jelly on top