In a large bowl, whisk together the flour, sugar, baking powder and salt. In a separate bowl whisk together 1/2 cup milk, sour cream, eggs, vegetable oil and one teaspoon of vanilla.
Pour the wet ingredients into the flour mixture and stir together with a spatula until most of the flour is incorporated. Add the sprinkles and mix until batter is free of all flour streaks. The batter will be very thick.
Swirl a bit of butter under each place on the griddle where you will be dropping the batter. Drop about 1/4 cup of batter onto a hot griddle for each pancake. I used a large cookie scoop for easy release of the batter.
Cook until the pancake tops are beginning to look dry. You may see a few bubbles, but the batter is thick, so you may not. Flip the pancakes and leave on the griddle until cooked through and light golden brown.
Glaze
To prepare the glaze, put the remaining tablespoon of butter and three tablespoons of milk in a glass bowl and microwave until melted. Add the vanilla and pinch of salt and whisk. Add powdered sugar, ¼ cup at a time, whisking after each addition. If the vanilla glaze still seems too loose, add a little extra powdered sugar.
Serve the pancakes topped with glaze and more sprinkles.