Peel them or not. Personally, I don't think it's worth the work. What's a little fuzz among friends?
2 Peaches, Pit Removed and Sliced Into Wedges
1/2 Tablespoon Unsalted Butter
1 Tablespoon of Honey
1/2 Teaspoon of Cinnamon
1-2 Tablespoons of Water
In a large pan melt the butter and honey over a medium heat. (I use raw honey with the comb and all. It's a healthier honey and lasts almost forever)
When the butter and honey begins to bubble, add peach slices and stir them around in the pan to coat each slice.
Add 1 tablespoon of water, reduce heat to low and cook covered for 10 minutes. Check the peaches about half-way through, stirring gently and adding another spoonful of water if the pan looks a little dry.
The end result should be soft peaches in a small amount of thick syrup.