Combine honey with 1/2 cup filtered or spring water in a small saucepan set over medium-high heat. Add whole cinnamon stick and star anise and bring to a simmer. Cover and remove from heat; let steep for 10 minutes, then remove cinnamon stick and star anise.
Meanwhile, brew some chamomile tea.
To prepare toddys, measure 2 tablespoons of warm honey syrup into each cup. Add 1 teaspoon lemon juice and 1 ounce (2 tablespoons) bourbon to each. Pour in 4 ounces (1/2 cup) tea into each cup, and stir until syrup is incorporated. Garnish with a lemon slice, cinnamon stick, and/or star anise as desired.