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Separate crescent-roll dough into 2 rectangles. Fold each sheet in half to make a square; press to seal. Cut each square into 4 triangles. In a large pot, heat 2 inches vegetable oil to 350 degrees. Fry dough until golden, 1 minute per side. Using a slotted metal spoon, transfer to a paper towel-lined plate. Place warm beignets in a paper bag with a mix of confectioners' sugar and cinnamon; shake to coat.