01 - In a small bowl, combine the hot sauce, honey, soy sauce, smoked paprika, cayenne pepper, and garlic powder. Whisk until smooth and well blended.
02 - Using a sharp knife, make shallow diagonal cuts about 1/4 inch deep along the length of each hot dog. This allows the marinade to penetrate and promotes even cooking.
03 - Brush each scored hot dog generously on all sides with the marinade. Let them rest for 10 minutes at room temperature while you prepare the toppings.
04 - Finely chop the red onion, slice the pickled jalapeños, julienne the carrot and cucumber, and chop the fresh cilantro. Set aside in separate piles or small bowls.
05 - Preheat a grill or grill pan over medium heat. Place the marinated hot dogs on the grill and cook for 7 to 8 minutes, turning occasionally with tongs, until caramelized and heated through to an internal temperature of 160°F.
06 - Split the buns open and place them cut-side down on the grill for 30 to 60 seconds until golden and lightly crisped.
07 - Place each grilled hot dog into a toasted bun. Layer on shredded cheddar cheese, pickled jalapeños, chopped red onion, julienned carrot, and cucumber. Drizzle with mayonnaise and garnish with fresh cilantro. Serve immediately while hot.