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Fill a deep 10- to 12-inch heavy skillet (preferably cast-iron) halfway with oil and heat over moderate heat until it registers 360°F on thermometer.
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Put flour in a shallow bowl, then fill another bowl halfway with cold water.
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Cut zucchini into paper-thin rounds with slicer, then separate slices.
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Put 12 slices in 1 sieve and dip into water, shaking off excess.
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Transfer slices to flour and dredge, then gently shake in second sieve to remove excess flour.
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Fry coated slices in oil, turning and separating, until golden brown, 1 to 2 minutes.
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Transfer zucchini chips with a wire-mesh or slotted spoon to paper towels to drain, then season lightly with salt.
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Coat and fry remaining slices in same manner.
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Serve warm.
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Note: Chips can be made 2 hours ahead and kept at room temperature.
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Reheat in a 350°F oven 8 to 10 minutes.