Adjust oven rack to middle position and preheat to 350°F (177°C).
Topping
Use a handheld mixer or stand mixer fitted with a paddle to combine butter, honey, brown sugar, and vanilla over medium speed in a bowl, 30 seconds.
Lightly grease the bottom and sides of an 8 1⁄2 x 2 1⁄2-inch or 9 x 2-inch round cake pan with vegetable oil.
Evenly spread brown sugar mixture over the bottom of the pan.
Place one of the pineapple rings in the middle and 6 around the edges.
Add two cherries in the center of each pineapple ring.
Add walnuts to the edges where the brown sugar mixture is exposed and add small broken pieces in the center between the rings.
Cake:
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