01 - In a small bowl, whisk together the hot sauce, honey, soy sauce, smoked paprika, cayenne pepper, and garlic powder until smooth and well combined.
02 - Using a sharp knife, make shallow diagonal cuts about 1/4 inch deep along the length of each hot dog, spacing cuts about 1 inch apart. This allows the marinade to penetrate and promotes even cooking.
03 - Brush each scored hot dog generously on all sides with the prepared marinade. Set aside and let rest for 10 minutes at room temperature while preparing the toppings.
04 - Julienne the carrot and cucumber into thin matchstick strips. Finely chop the red onion and fresh cilantro. Slice the pickled jalapeños if not pre-sliced. Set all toppings aside.
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 165°F.
06 - During the last 1 to 2 minutes of grilling, place the split buns cut-side down on the grill. Toast until golden brown and lightly crisp, about 30 seconds to 1 minute.
07 - Place each grilled hot dog into a toasted bun. Layer with shredded cheddar cheese, pickled jalapeños, chopped red onion, julienned carrot, and julienned cucumber.
08 - Drizzle with mayonnaise if desired, and garnish with fresh cilantro. Serve immediately while hot.