baby vs honey

baby and honey both are nouns.

Word	Noun	Adjective	Verb	Adverb
baby	Yes	No	Yes	No
honey	Yes	Yes	Yes	No

As nouns, baby and honey are synonyms defined as:

Other synonyms of baby include beloved, darling, dear, dearest, dearie, deary, love, sweetheart, sweetie.

baby (noun)	honey (noun)
a project of personal concern to someone	a sweet yellow liquid produced by bees
a very young mammal	a beloved person; used as terms of endearment
a very young child (birth to 1 year) who has not yet begun to walk or talk
the youngest member of a group (not necessarily young)
an immature childish person
an unborn child; a human fetus
a beloved person; used as terms of endearment

baby (adjective)	honey (adjective)
	of something having the color of honey

baby (verb)	honey (verb)
treat with excessive indulgence	sweeten with honey