Melt the butter in a small saucepan over medium heat.
Stir occasionally to make sure it doesn’t burn.
Mix in the Frank’s RedHot Sauce, garlic powder, paprika, and honey.
Whisk the ingredients together until smooth.
Bring the sauce mixture to a gentle boil.
Continue whisking while it heats to ensure a smooth texture.
Once it starts to boil, remove the saucepan from heat.
Let the sauce cool to room temperature.
Pour the sauce into an airtight container or jar.
Store in the refrigerator until you’re ready to use it.