[Note: I am reposting this article from the archives because of this paragraph. Several people have said in the comments that a Danish Æbleskiver or ebleskiver pan would be a good substitute for a takoyaki pan. You also see this mentioned on other sites. I finally got a chance to hold a real ebleskiver pan in my hands, and the bad news is that I am not sure it really would make a good substitute. The pan makes round cakes shaped similarly to takoyaki, for sure, but they are maybe 5 to 6 times the size of a takoyaki. So what you'd end up with are huge dumplings, which would need to be cooked a lot longer than takoyaki do. One of the main features of a takoyaki is the contrast between the slightly crispy outside which gradually softens under the sauce, and the just-cooked, piping hot creamy interior. I really don't think you can get that with a huge er, ball. But if you have tried it for yourself, please let me know.
Another note: The video I mention below that was so great has been withdrawn due to copyright violation from YouTube. I'll replace it with more complete instructions as soon as I can, but in the meantime you can still make takoyaki from the recipe.
This was originally published in July 2007.]