Combine nuts, sugar, flour, baking powder, salt and cinnamon in a large bowl and set aside.
In another bowl combine milk, squash, egg yolks and oil.
With a large wooden spoon, stir the dry mixture into the squash mix and set aside.
Beat the egg whites in a bowl until stiff peaks form.
Gently fold the egg whites into the squash mixture.
Heat up a skillet and pour about 1/4 c. of batter per pancake.
Cook until surface is bubbly and edges are slightly dry, and flip.
Cook until golden brown.