Combine flour, honey and shortening until crumbly. Add iced water, 1 tablespoon at a time, until mixture binds together. Knead until smooth. Separate into 8 equal portions. Roll dough into strips 12 inches long by 1/2-inch thick. Shape into pretzel form. Spritz pretzels with water and sprinkle with chopped peanuts. Bake at 300 degrees for 20 to 30 minutes on cookie sheet sprayed with vegetable oil spray.