Honey mustard is basically a combination of honey and mustard in equal proportions. It is primarily used as a topping for various dishes and also as a dip for different food items. Honey mustard can be combined with vinegar and lemon juice and used as a dressing for various salads. It is a versatile food item that can be used in numerous ways. Honey mustard is relatively easy to prepare and can be made in a short duration of time. Sometimes, spices and pepper are added to make the dip or topping hot and spicy.