Take package of tofu and drain off water, place block of tofu onto a plate with a towel underneath to soak up excess water. Place a heavy dish on top of tofu to help push liquid out, let sit 5-10 minutes.
Meanwhile, preheat oil in skillet over medium-high heat. Start placing flour, hot sauce, and bread crumbs into seperate dishes.
Begin slicing tofu however you like. I prefer 1x1 squares. Dredge tofu into flour, shaking off excess, coat with hot sauce, and then into bread crumbs. Repeat with hot sauce then bread crumbs again for an extra crispy coating.
Place in hot oil being careful not to burn yourself. When the bottom has turned a nice brown, flip to other side. Place cooked tofu onto papertowel to drain. Serve with ranch dressing. YUM!