Drain jalapeno peppers and set aside. Mix cracker crumbs and flour together; blend well. In a separate bowl, beat eggs and add water; blend well. Heat oil in fry pan, deep fryer, or fry cooker until temperature is the same degree that you would fry French fries at. Dip slices of peppers in egg wash and then the flour and cracker crumb mixture; dust off excess dry ingredients and carefully place in hot oil.
Place peppers in your deep frying system so that they are not overcrowded. Take care--the peppers like to pop a little. Fry until golden brown. Remove peppers and drain on a paper towel.
Keep in mind not to put your fingers or hands on your face until you have finished working with these peppers.
Peppers are served with your favorite Con Queso Dip on the side.