Whisk together the warm water and yeast. Cover and let sit for 5 minutes.
Add the flour, molasses, salt, and vanilla extract. If using a stand mixer, mix for 2 minutes on low. (I used our ninja on the dough option and mixed until combined. About 20 seconds.)
Mix together the cinnamon and sugar on a clean surface and knead the dough into the mixture for 4 minutes. Make sure you pick up all that cinnamony sweetness!! The dough will seem stickier after this because of the sugar.
Lightly spray with nonstick oil inside a large bowl. Place the dough in the bowl and turn it to coat all sides of the dough. Cover with a clean kitchen towel and let rise at room temperature for 60-90 minutes. (Until doubled in size)
Line 2 baking sheets with parchment paper.
When the dough is ready, punch it down to get rid of any air bubbles. Divide the dough into 8 pieces. (Don't worry about them being perfectly equal) Shape each piece into a ball and then poke your finger through the middle for your hole. Let them set while you prepare the water bath.
Preheat the oven to 425F (218C)