Line a square 9 x 9 inch (22cm x 22cm) baking pan with parchment/baking paper. Set aside.
In a medium sized pot, add butter, sugar, and honey.
Place over low heat and allow ingredients to gently and slowly melt, mixing occasionally. Make sure it doesn’t bubble whilst it’s melting.
Once the butter and peanut butter are completely melted and the mixture is smooth, increase heat to high.
Bring to a boil and once boiling rapidly, boil for 1 minute, stirring occasionally with a wooden spoon or spatula to avoid burning on the base of the pan. Turn the heat off after 1 minute. NOTE: 1 minute is all this mixture needs, if it boils for longer, the harder the final texture will be. You want a soft caramel consistency and not a hard caramel.
Add in Rice Krispies and stir them through until well combined.
Pour mixture into lined pan, be careful it’s hot! Spread it out evenly.
Carefully transfer the pan to your refrigerator to chill for 1-2 hours or until completely set and firm. NOTE: your pan will be hot to handle, I like to place it on a flat baking sheet and carry it to the refrigerator to avoid handling the hot pan.
Once set, remove from the pan and onto a cutting board. Take a sharp knife and cut into squares or desired sizes.
If the slice is too firm to cut, leave it to sit at room temperature for 15min time blocks until you can slice into it. The longer it boils on the stove, the firmer it is to cut into, similar to a caramel fudge.
Serve and enjoy!