In a sauce pan, add sugar and honey. Heat on medium until sugars are melted. Lower heat to a simmer.
1/2 cup sugar, 1/4 cup honey
In a small saucepan, add cream and heat on medium. Do NOT bring it to a boil. Add butter, vanilla, salt, and bourbon. Once the butter has melted, take off the heat and add the cream mixture to the sugar mixture.
1/2 cup heavy cream, 3 tablespoons butter, 1 teaspoon vanilla, 1/2 teaspoon salt, 2 tablespoons bourbon
Turn the heat up enough that the sugar mixture bubbles.
Let the mixture turn to a nice golden color and thicken somewhat. Mine took around 10 minutes.
Pour into glass jar and let bourbon caramel sauce cool on the counter for 2 hours.
Pour some bourbon caramel sauce on ice cream, eat, smile, and enjoy.
Notes
I didn't count the two hours it sat on the counter to thicken.