The Damsel feels ridiculous that she didn’t know there was a difference between honing and sharpening. She assumed “hone” was merely a fancy way to say “sharpen.”
As a matter of fact, she most commonly heard the word “hone” in the phrase “hone your skills” rather than in a knife context.
Apparently, honing is what you do to maintain a knife’s sharpness. If you don’t do it often, you’ll need to resort to the much more drastic sharpening.
The following video shows the process quite nicely, and now the Damsel actually understands what that long cylinder steel thing is for. Humm.