Bring sugar, butter and honey to a boil in a medium saucepan over medium-high heat, stirring constantly for about 3-4 minutes.

Remove from heat and carefully add cream {it will bubble quite a bit}, and stir until the mixture looks uniform and is slightly thickened. {For a thicker sauce, allow to cool before drizzling.}

Drizzle some of the sauce over warm bundt cake placed on a cooling rack on top of a pan or placed over the sink to allow the runoff to drip onto something other than your counter tops. Transfer cake to a serving dish.

Serve the remaining sauce alongside cake for extra sauciness.