Heat the milk until warm enough for yeast to proof, (it’s 1 min on high in my microwave.) Add the water and the sugar then gently stir in the yeast. Set that aside and allow the yeast to get nice and foamy, (about 3-5 minutes).
In a large mixing bowl, (I use my KitchenAid mixer with the paddle attachment), beat together the butter and sugars until creamy, about 2-3 minutes.
Add the egg, honey and vanilla. Add the yeast mixture.
Switch to the dough hook and add 2 cups of flour. Mix on low speed until the flour is thoroughly incorporated, then mix in the remaining 2 cups of flour, cover with plastic wrap and allow to rest for 4-12 hours.
When you are ready to make the waffles, punch down the dough then pour in the pearl sugar and knead it in with your hands.
Separate into 12 even sized balls and let rest for 30 minutes on a cutting board. (During this time, slice up your fruit and get your toppings and cream ready.)
Place one ball of dough at a time on your hot, greased waffle iron. Cook until golden brown. (Keep a close eye on it as the sugar will burn if left too long or if you use too high of heat.)
Serve with Biscoff or Nutella, fresh berries and/or bananas and heavy whipped cream. (Or whatever you like really – they are good with butter and maple syrup, fried chicken and spicy honey, be creative!)