Step 1: In a large skillet, heat the oil and butter over medium heat.
Step 2: Add the onions and allow them to sweat 3 minutes.
Step 3: Reduce the heat to low.
Step 4: Add the salt, pepper, nutmeg, honey, and water.
Step 5: Cook 15 more minutes or until the onions are well done and fully covered in honey. Set aside.
Step 6: Meanwhile, preheat the oven to 200°C (400°F).
Step 7: Open each piece of bread along its length (sandwich style).
Step 8: Flatten them slightly so they remain open.
Step 9: Spread the onion mixture on each piece of bread.
Step 10: Top with nuts and cheese slices.
Step 11: Bake 3 to 4 minutes until the cheese melts and lightly browns.
Step 12: Serve immediately.
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