1. Wash chicken and pat dry.
2. Beat egg and water in large bowl. Mix flour and Old Bay in plastic bag. Dip chicken in egg mixture; shake in flour mixture (a few pieces at a time). Discard any remaining flour mixture.
3. Heat oil in large skillet on medium heat. Fry chicken about 15 minutes per side or until golden brown. Drain on paper towels. If desired, sprinkle chicken with additional Old Bay.