Step 1: Clean and chop squid
Squeeze behind the head to extrude the beak, and remove it from the center of the tentacles. Cut just below the eyes to free the tentacles, then add them to the bowl with the body rings.
Tentacles are the best part. No, really- they're fantastic.
Step 2: Spice mix
I chose black pepper and chili powder; you can substitute any flavorings that make you happy. Dried thyme, oregano, and rosemary work well, as do curry, allspice, cajun spice, garlic, citrus zest, or just about any other flavors you like.
Mix, and add a pinch of salt.
Step 3: Coat squid
You can do this piece by piece, or just dump a big scoop into the mix and stir it around. Either way, you'll get the squid pieces nicely coated in a thin layer of flour and spices.
Note that we're not coating the squid in egg or milk first- this is to keep the coating thin. Adding more stick liquid to the squid causes a dangerously high fried goo to squid ratio; we're trying for a bit of less-greasy subtlety, and to let the squid taste come through. (Not that this should stop you from experimenting in the future; after all, they're your arteries, not mine.)