Start by heating up a skillet on medium-low. Add the butter and olive oil, and once that butter is melting, toss in the thinly sliced onions and a pinch of salt. Let these onions cook slowly, stirring occasionally. The goal is golden, caramelized perfection, which will take about 20 to 30 minutes.
About 5 minutes before the onions are done, turn off the heat and drizzle in that honey. Stir it in well and let the natural sugars from the onions and honey mingle.
Once the onions have cooled slightly, grab a big bowl and combine the sour cream, cream cheese, and those caramelized onions. Toss in a tablespoon of chopped chives for a fresh pop of flavor and color. Season with salt and pepper to taste, and mix everything together.
Serve and Enjoy! Scoop the dip into a bowl, sprinkle a little extra chopped chives on top for garnish, and serve it alongside your favorite dipping goodies.