Combine: First, place the sliced carrots, butter, honey, water, garlic, salt, and pepper in a large skillet.
Simmer: Bring to a boil over medium-high heat. Cover the pan, reduce heat to medium, and simmer for 5-7 minutes until carrots are nearly tender.
Reduce: Remove the lid. Turn the heat back up to medium-high. Let the liquid boil rapidly.
Glaze: Cook for another 3-4 minutes, tossing frequently, until the water has evaporated and the carrots are coated in a thick, glossy syrup.
Serve: Remove from heat immediately. Garnish with fresh thyme and serve.