Step 1

Make the pancake batter: Combine the milk, sugar, and yeast in a mixing bowl. Set aside for 5 minutes until foamy and smells yeasty. Whisk in the melted butter until completely incorporated.

Step 2

In a very large bowl, whisk the flour and salt together. Pour the milk mixture over the flour mixture. Stir until you no longer see any dry flour; the batter will be lumpy and that is OK.

Step 3

Cover the bowl with a clean kitchen towel and set aside at warm room temperature until doubled in volume, about 30 minutes. Replace the kitchen towel with plastic wrap, then refrigerate the batter at least 8 hours or overnight. Meanwhile, make the orange-honey butter.

Step 4

Make the orange-honey butter: Place all the ingredients in the bowl of a food processor fitted with the blade attachment. (Alternatively, use an electric hand mixer or stiff spatula and a bowl.) Process until creamy and well-combined, stopping 1 or 2 times to scrape down the sides of the bowl, 30 seconds to 1 minute. Transfer to a serving dish, cover with plastic wrap, and refrigerate.

Step 5

Make the pancakes: A half-hour before you want to begin cooking, take the pancake batter and orange-honey butter out of the refrigerator. Discard the plastic wrap from the pancake batter. Add the eggs and stir until incorporated, although it is okay to see streaks of egg white. The pancake batter will appear thick, viscous, and creamy; set aside.

Step 6

Heat a large cast iron or nonstick skillet over medium heat and add a pat of butter. Once the butter melts, swirl the pan to coat. Use a 1/4-cup measure to drop the pancake batter into the skillet. The batter is quite thick, so the pancakes will not spread into perfectly round circles. Cook until the bottoms are golden-brown, 2 to 2 1/2 minutes. The edges of the pancakes will appear dry and set, but you might not see bubbles rising to the surface as you do with other pancakes. Flip with a flat spatula and cook until the second side is golden-brown, about 2 minutes more. The first pancake or two might not turn out beautifully as you work to adjust the heat and gauge how quickly the pancakes cook.

Step 7

Transfer the pancakes to a plate and cover with aluminum foil to keep warm, or serve in batches. (You can also put the pancakes in a 200°F oven to keep warm.) Continue cooking until all of the batter is used up, adding more butter to the pan and adjusting the heat as needed. Serve pancakes with the orange-honey butter.