Simmer: Split one vanilla pod and scrape out the seeds. Place the seeds and the empty vanilla pod in a small pot, add the sugar, honey, and water and bring everything to a boil. Let simmer, covered, on a very low flame for about 15 minutes.
Add brandy: Remove from heat, take out the vanilla pod, and let the liquid cool down. When cold, add the brandy.
Strain the liquor through a coffee or tea filter. This is not an obligatory step, but the liquor will look nicer and clearer in the end. If you prefer, you can definitely leave the small vanilla seeds in the liquor.
Transfer: Place the second vanilla pod in a nice, decorative little bottle. Pour the liqueur into the bottle.
Store in a dark, cool place. It will keep for up to 4 months.