Mix together Bisquick, cold water and pepperoni until dough forms; beat 20 strokes.
Turn dough onto surface dusted with baking mix; gently roll in baking mix to coat.
Knead 5 times.
Roll the dough into a 10-inch square; cut in half. Cut each half crosswise into
14 strips. Twist ends of strips in opposite directions. Place on ungreased cookie
sheet, pressing ends onto cookie sheet to fasten securely.
Brush generously with margarine.
Sprinkle with Parmesan cheese.
Bake for about 10 to 12 minutes, until light golden brown.