Fill a 9 or 10 inch heavy skillet with about 2 inches of oil and heat over medium high while you start breading the chicken. Keep an eye on it and don't let it get too hot.
In a large bowl, mix the flour, salt and pepper.
In a separate bowl, beat your egg and water.
Dip the chicken pieces into the flour, then into the egg and then back into the flour, pressing the flour on well.
Transfer the chicken to a cutting board or on to the counter to rest 5 minutes before frying. (This helps the coating stick better.)
Check the oil temperature with a candy thermometer. You should be between 365 and 375. Add one piece of chicken. It should sizzle immediately.
Add 4 or 5 total to your skillet and cook 8 to 10 minutes total, turning once or until golden brown.
Repeat with remaining pieces.
Transfer to a paper towel lined plate and sprinkle with a little additional salt if needed.
Make the spicy sauce
While the chicken cools, make the sauce: mix the cayenne pepper, brown sugar, chili powder, garlic powder and paprika together in a small sauce pan. Slowly add the hot oil from frying the chicken and stir to combine.
Brush or dip the chicken in to the sauce mixture and cover all sides. Serve warm on bread with pickles if desired.