Vienna sausages are basically small canned hotdogs. I typically substitute cut up fresh franks in recipes that call for Vienna sausages.
That said, I think Penny Pancakes are a million-dollar idea.
Note: The American Academy of Pediatrics recommends not feeding franks to children younger that four because of the choking hazard.
Recipe from old Armour advertising
Slice each Armour Vienna Sausage into 1/4-inch "pennies" and brown on both sides. Group several sausage slices together for each Penny Pancake, pour your favorite batter over them and prepare as usual.
I can't think of a single caption for this photo that isn't dirty.
I mean, really.
Recipe via Kooky Chow