The Honolulu Technique is a cloning method developed in 1998 at the University of Hawaii. It involves extracting the nucleus from a donor cell, injecting it into an egg cell whose nucleus has been removed, and stimulating the new cell to divide using chemical baths rather than electric shocks. This technique has achieved a 3% success rate for cloning mice over 5 generations. Its uses include disease research and producing transplant organs, but is not intended for human cloning due to ethical concerns.