01 - Cook fettuccine in a large pot of salted boiling water until al dente. Reserve 1/2 cup of pasta water before draining.
02 - Heat olive oil and butter in a large skillet over medium heat. Add sliced onions and salt. Cook, stirring occasionally, until onions soften and start to brown, about 10 minutes.
03 - Sprinkle brown sugar over onions and continue cooking, stirring frequently, until deeply caramelized and golden, 15-20 more minutes.
04 - Stir in minced garlic and chopped red chili pepper. Sauté for 1-2 minutes until fragrant.
05 - Add honey, heavy cream, Parmesan cheese, red pepper flakes, and black pepper. Simmer gently for 2-3 minutes until sauce thickens slightly.
06 - Add cooked fettuccine to the skillet and toss well to coat. Add reserved pasta water one tablespoon at a time until sauce reaches desired consistency. Serve hot, garnished with fresh parsley and extra Parmesan.