Honey peanut butter fudge

1. Boil 1 cup sugar and ½ cup water to soft ball stage (234 - 238°F).
2. Pour slowly over stiffly beaten egg whites, beating constantly until stiff.
3. Boil together 3 cups sugar, honey, peanut butter, and ½ cup water to soft ball stage (234 - 238°F).
4. Slowly add to first mixture.
5. Beat constantly until the mixture will hold its shape when dropped from a teaspoon.
6. Add nuts and flavoring.
7. Drop by teaspoonfuls onto waxed paper.