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Mix together the honey, butter and brown sugar in a saucepan.
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Turn on medium-high heat while stirring constantly.
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Bring the mixture to a rolling bubbling boil (see picture below) for 2 minutes while continuing to stir constantly! Keep stirring otherwise the honey will start to burn on the bottom.
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Add condensed milk and mix well, keeping the stirring and heat constant until completely mixed through.
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Store in airtight containers in the fridge. To warm, use a microwave or stove on a low setting.
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To Serve: Apples, Ice Cream, Pretzels or whatever your heart desires!