Preheat oil to 350 degrees. In a medium sized bowl combine cake batter mix and 3 eggs. Use a blender to mix until the batter has no lumps. Add 1/2 cup of white chocolate chips and mix in with a spoon. Use a 1 ounce cookie scoop to drop batter into hot oil. Fry on one side for approximately 1 minute and then flip over and fry on other side for about a minute. Remove pancake puppy onto a plate lined with paper towels. This grease will not be usable for anything but making these red velvet puppies, the oil will turn red. So be sure to make something else first and finish up with these.
Make cream cheese dipping sauce by combining cream cheese and butter in a medium sized bowl. Beat together cream cheese and butter until they are light and fluffy. Add approximately 1/2 cup powdered sugar, into butter and cream cheese. Once the first portion of cream cheese has been incorporated add the next portion, and then the remaining powdered sugar. Add vanilla, lemon extract, and 1 tablespoon of milk. Blend in flavorings and milk. Place dipping sauce into a small bowl and serve with red velvet puppies.