Cook bacon until crispy. Let cool completely.
Shred green and red cabbage finely.
Julienne carrots into thin matchsticks.
Crumble cooled bacon into small pieces.
Whisk mayonnaise, vinegar, and honey together.
Add salt and pepper to dressing.
Combine all vegetables in large bowl.
Pour dressing over vegetable mixture.
Toss everything together until well coated.
Add crumbled bacon and blue cheese.
Gently fold ingredients to avoid breaking.
Refrigerate for 30 minutes before serving.