Combine the peanut butter, honey and 1/2 cup of milk in a bowl and whisk until smooth.

Whisk the preserves and the remaining milk in a separate bowl to combine.

Pour both mixtures into 2 separate liquid measuring cups for easy pouring.

Pour 2 tbsp of the peanut butter mixture into each Dixie cup, followed by 3 tbsp of the fruit preserves mixture.

Freeze for 30 minutes.

Pour the remaining peanut butter mixture on top. Poke a popsicle stick in the middle of the cups.

Freeze for at least 6 hours or more.

Serve.