Prepare the Churro Dough
In a saucepan, combine water, sugar, salt, and vegetable oil. Bring to a boil, then remove from heat and stir in the flour until a dough forms.
Heat the Oil
In a deep pan, heat about 2 inches of vegetable oil to 375°F (190°C).
Pipe the Churros
Transfer the dough to a piping bag fitted with a star tip. Pipe 4-inch strips of dough into the hot oil, cutting with scissors.
Fry Until Golden
Fry the churros in batches, turning occasionally, until golden brown, about 2 minutes per side. Remove with a slotted spoon and drain on a wire rack.
Coat in Cinnamon Sugar
Mix granulated sugar and cinnamon in a shallow dish. Roll the warm churros in the mixture until evenly coated.
Make the Chocolate Sauce
Heat the heavy cream until simmering, then pour over the chopped chocolate, butter, and honey. Let sit for 2 minutes, then stir until smooth.
Serve and Enjoy
Serve the warm churros immediately with the chocolate dipping sauce on the side.