Start by thinly slicing the green and red cabbage. Aim for uniform slices to ensure even flavor distribution. If you have a mandoline slicer, this is the perfect time to use it for those perfectly thin strands.
Next, chop the cilantro (or additional green onion if you prefer) and slice the green onions. The fresh herbs add a burst of flavor that elevates your slaw.
In a separate bowl, whisk together the fresh lime juice, olive oil, honey (if using), chili powder, and a pinch of salt and pepper. Taste the dressing and adjust the seasoning according to your preference. You want it to be zesty and slightly spicy but balanced.
In the large mixing bowl, combine the sliced cabbages, green onions, and cilantro. Pour the lime dressing over the top. Using tongs or your hands, toss everything together until the vegetables are well coated with the dressing.
Let the slaw sit for about 15-30 minutes before serving. This allows the flavors to meld together beautifully. Serve it as a side dish, or use it as a topping for tacos, burritos, or grilled meats.
