> If a little oil in your frying pan catches on fire and you don't have a lid readily available to smother it, use a fire extinguisher.
We were told to just toss a large cloth on the fire in such cases.
When it happened here, I instinctively threw the flaming pan out the adjacent open door into the yard. We ate something else that day.
That's right, the best is to have a watered dishcloth that will suffocate the fire, hence stopping it. The fire extinguisher may be a bad idea because the pressure will spread burning oil around across the kitchen and the water is definitively the worse idea because it will counterintuitively make a bigger flame and also spread burning oil.