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I am trying to understand how to implement Honey Pot into my forms. This is all very new and unfamiliar to me.
In the Miscellaneous section of the Advanced Form Properties, I see the Honeypot Field with a dropdown.
If I select "address" that mean I need to have an Editbox on my form with the name field "address"?
If so, isn't that Editbox accessible to anyone filling out the form?

Did you read this?
https://www.wysiwygwebbuilder.com/forms_antispam.html

Yes, I did. But that didn't answer my question.

Yes, I did. But that didn't answer my question.

What is missing?

If I select "address" that mean I need to have an Editbox on my form with the name field "address"?
If so, isn't that Editbox accessible to anyone filling out the form?

Did you read the following Note: Make sure the field name is not the same as one of your existing input fields.
The purpose of the honey pot is that it is a "Hidden Field" (not displayed on form and only seen in the html) this makes it invisible to the eye of the user and only visable to the bot.
So to use give it a non relevant name something that is not used in any of the existing fields you already use.

If I select "address" that mean I need to have an Editbox on my form with the name field "address"?

No, you will need to select a name field that is not part of the form fields.