A sex act. When one places a bee inside a woman's vagina or anus. It can also be done inside a man's anus. They then proceed to place honey all over there penis and place it inside the vagina or anus and try to take the bee out before the bee dies.
A portmanteau of "honored" and "boner," used to describe one being arroused by an honorific situation, especially by having vast amount of power bestowed upon oneself. The first recorded use was in a Tweet by a newly inaugurated American leader.