In a large mixing bowl, add flour, yeast, and warm water, mix well.
Add in salt, sugar, milk, and eggs, mix until thick batter is formed.
Cover and let rest for minutes 60 minutes.
With about 20 minutes left of resting time, combine water and honey in pot and bring to simmer; continue simmering for 5 minutes. When done, remove from heat and empty into large bowl.
Add safflower oil to a soup pot and heat over medium-high.
Once oil is hot, take 1 tablespoon of batter, form a ball, and gently drop it into the hot oil.
Fry for 3 to 4 minutes on each side - should be a nice golden brown color.
Remove and place on plate lined with a paper towel to absorb excess oil.
Repeat until all batter is used.
After excess oil is removed, add balls to syrup bowl and toss to coat.
Place honey soaked loukoumades on plate and top with cinnamon and nuts if using.
Enjoy!!