Add the honey and water to a small pot. Heat over medium-low heat until the liquid is hot and beginning to steam. (There is no need to bring the syrup to a boil.)Remove syrup and set aside to cool. (I like to wait at least 10 minutes to avoid adding hot syrup to the drink.)
Store syrup in a glass jar (or airtight container) in the fridge. Use within a month. You should have enough syrup for 8 cocktails.
Honey Old Fashioned:
Add half an ounce of the honey simple syrup, 2 ounces bourbon and 2 dashes of bitters to a rocks glass with ice. Stir the cocktail.Twist the lemon or orange zest over the glass, then drop it into the glass. (Alternatively, skip the zest and add a candied lemon or orange slice.)Optionally, garnish with a cocktail cherry. If desired, fill the remainder of the rocks glass with club soda.