"From Alaska's Outdoor Journal in "What's cookin in Marylin's kitchen" In the old days, Alaskan homesteaders did not have access to many of the food stuffs found in stores in the more civilized areas. So a great amount of their innovation was derived from using existing resources in creative ways. Honey was one of those condiments that was always in short supply in the early days of Alaska history. But here is a way to make a substitute "honey" for mere pennies.
I have always made this especially when the kids were younger and they loved honey but the real thing was very expensive. People are always amazed that it tastes like the real thing! And I've often substituted it in my "honey bears" without anyone knowing the difference. ;-)"