True, natural honey. Not a pure sanitized product, rather a real chunk of honeycomb with bee larvae, some bees and all. You eat everything but the branch it's grown from! There is surprisingly little honey in one of these combs and if you buy them for the honey you'll be disappointed, but Thai's buy them to eat whole.
I've photographed the honeycomb in closeup, below, broken open. You can see there are larvae there, and some dry wax honeycomb behind it. I know that honey is a familiar ingredient the world over, and so you might wonder why I added it to my food blog - I really just wanted an excuse to buy it!