In a large bowl, whisk together the flour, sugar, vanilla sugar, cinnamon, nutmeg, and salt.
Add the pumpkin puree and eggs, then gradually pour in the milk and sparkling water, whisking constantly until you have a smooth batter.
Let the batter rest for 15-20 minutes to allow the flavors to meld and the pumpkin to further enhance the batter.
Lightly oil a skillet and heat over medium heat.
Pour a ladleful of batter into the skillet, spreading it evenly. Cook for 2-3 minutes, or until the edges begin to release from the pan, then flip and cook for another 1-2 minutes.
Repeat the process with the remaining batter, re-oiling the pan as needed.
Serve the pumpkin pancakes drizzled with honey, sprinkled with cinnamon sugar, or topped with chopped walnuts.
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