I know most everybody knows this but saw this the other night and reminded me of tomorrow. I'll be deep frying ours but it will be in the driveway.
If you should catch the oil on fire DON'T use water.....
http://dsc.discovery.com/videos/mythbusters-water-and-oil.html
http://dsc.discovery.com/videos/mythbusters-fanning-the-grease-fire-flames.html
http://dsc.discovery.com/videos/mythbusters-small-scale-disaster.html
http://dsc.discovery.com/videos/time-warp-grease-fire-close-up.html