Outback steakhouse onion ring loaf (copycat)

1. 4 to 6 mild white onions
   1 cup milk
   3 eggs, beaten
   Salt
   About 2 cups pancake mix
   Oil (for deep frying)
   Parsley (optional)
   Directions of Onion ring loaf
   Slice onions crosswise and separate into rings.
   Soak rings in mixture of milk, eggs and salt for 30 minutes.
   Dip each onion ring into dry pancake mix and fry until golden brown in oil heated to 375 degrees F.
   Press the fried onions down solidly, without crushing, into a Bundt pan.
   Bake at 400 degrees F for 10 to 15 minutes.
   Turn onto a serving plate.
   
   Copy Cat Outback Steak House Dipping Sauce:
   
   1/2 cup mayonnaise
   2 teaspoons ketchup
   2 teaspoons creamed horseradish
   1/4 teaspoon paprika
   1/4 teaspoon salt
   1/8 teaspoon dried oregano
   1 dash black pepper
   1 dash cayenne