Mix the liquids. In a small saucepan, combine Red Bull, hot sauce, and honey. Stir to dissolve the honey.
Add flavorings. Toss in lime juice, garlic powder, smoked paprika, and salt. Stir until evenly combined.
Simmer lightly. Heat the sauce over medium heat for 5–7 minutes, stirring occasionally. Let it thicken slightly, but don’t let it boil aggressively.
Optional chili kick. Add chopped chili peppers if you want extra heat. Simmer another 1–2 minutes.
Taste & tweak. Adjust sweetness, spice, or salt to your liking. Remember: balance is key—Red Bull adds sweetness and tang naturally.
Serve or store. Pour over wings, tacos, roasted veggies, or grilled meats. Store leftovers in an airtight container in the fridge for up to a week.