Preheat oven to 350°F (175°C).

Butter a 9-inch glass pie dish.

In a bowl, whisk together milk and eggs.

Add torn bread pieces to the milk and egg mixture, ensuring all pieces are evenly coated.

Allow the bread to soak for 15-20 minutes, turning occasionally to ensure thorough saturation.

In a large nonstick skillet, melt remaining butter over medium heat.

Fry the soaked bread in butter until golden brown on both sides, approximately 2-3 minutes per side.

Transfer the fried bread to the prepared baking dish.

In a separate bowl, combine honey and hot water, stirring until well blended.

Stir in cinnamon and vanilla extract to the honey mixture.

Drizzle the honey sauce evenly over and around the bread in the baking dish.

Bake in the preheated oven for 30 minutes, or until golden brown and set.