Granny's Applebee Blooming Onion & Dipping Sauce

1/2 cup mayonnaise -- lowfat okay
2 Tablespoons horseradish sauce
2 teaspoons catsup
1/4 teaspoon paprika
1/4 teaspoon salt
1/8 teaspoon dried oregano
1 dash black pepper
1 dash cayenne pepper
1 each egg -- beaten
1 cup milk -- lowfat okay
1 cup flour
1 1/2 teaspoons salt
1 1/2 teaspoons cayenne pepper
1/2 teaspoon black pepper
1/8 teaspoon dried thyme
1 each large Vadalia onion -- flowered

-Combine the mayonnaise, horseradish sauce, catsup, paprika, salt, oregano, and peppers in small bowl.
-Refrigerate until needed.
-Combine the egg and milk in a medium bowl.
-Combine the flour, salt, peppers, and thyme in medium bowl.
-Dip large, "flowered" Vidalia onion in wet mixture, then in dry mixture.
-Repeat.
-Refrigerate coated onion for at least 15 minutes.
-Fry in 350 degree oil for 10 minutes.