Preheat smoker to 200 degrees Fahrenheit using fruit wood.
Place honey in a smoker safe dish. We use a glass dish. Optional: If the honey is very thick add the water and stir. Place on smoker.
Smoke for up to four hours, keeping the heat in the smoker under 200 degrees F to prevent burning or caramelizing the honey. If your cooker has wide temperature swings, keep the core temperature of smoker closer to 160 - 180 degrees F.
Remove from smoker and let cool, strain off any ash if any. Serve on its own, or in your favorite recipes. Store in a glass mason jar for up to six months.
*This recipe can easily be doubled or tripled to make larger quantities.