Line an 9x9-inch pan with parchment paper. Set aside.
In a heavy duty medium saucepan, combine the sugar, corn syrup, honey and water. Set baking soda to the side so it is ready to add later.
1 cup granulated sugar, 1/4 cup light corn syrup, 1/2 cup water, 2 Tablespoons honey
Bring the sugar mixture to a boil over medium heat, stirring frequently to dissolve the sugar. Once the liquid is boiling, stop stirring and attach a candy thermometer.
Cook until the temperature of the candy reaches 300°F. Immediately remove from the heat and whisk in the baking soda for five seconds. The candy will bubble up and turn a light golden-brown color. Whisk just until combined but don't overmix and deflate the bubbles that will form.
2 1/4 teaspoons baking soda
Immediately pour the honeycomb mixture into the prepared pan as it will start to set up quickly and let it cool for at least 1 hour before breaking into chunks by hitting it with a mallet or the heavy handle end of a butterknife.
Dip or drizzle with melted chocolate, if desired, then let the candy sit until the chocolate firms up before serving.
Semisweet, milk, or dark chocolate