Honey is a product pressed from a honeycomb at a Screw press. Honey can be made into mead at a still or used in cooking prepared meals.
Honeycombs are produced by honey bees at a hive. In order to press the honeycomb, you must have a dwarf with the pressing labor active, a screw press, and empty jugs. A wax cake is produced as a byproduct and a wax worker can use it to create wax crafts in the Craftsdwarf's workshop.