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Warm the milk in the microwave or on the stove.
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Pour milk over the oatmeal.
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Let sit 10 minutes or until cool. (If not cool enough after 10 minutes, put in fridge for a few minutes.).
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Once cooled, mix in flour, melted butter, honey, egg yolk, salt & baking powder. Don't overwork batter, just mix until there are no large chunks or clumps. Batter should be thick enough to slowly run off a lifted spoon. If it falls of spoon in clumps, add milk or water 1 tablespoon at a time. If it runs off quickly, add flour 1 tablespoon at a time.
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In a separate bowl, beat egg whites until light and frothy.
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Slowly fold the egg whites into the batter by hand, mixing only enough to get it mainly incorporated - the more you mix at this point, the denser your pancakes will be.
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Cook on a greased hot griddle. Serve immediately.
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Makes 16 silver dollar pancakes or 8 medium pancakes.