The South American football giants now have the chance to ease some of the pain caused by a 7-1 humiliation at the hands of Germany on home soil at the 2014 World Cup by delivering country's first Olympic football gold medal.
A mouth-watering rematch with the Germans is in store should the world champions see off 1996 Games winners Nigeria in Wednesday's other semi-final, later in Sao Paulo.
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Neymar had been much criticised for his lacklustre displays in two 0-0 draws to start the tournament, but his transformation back from the nation's whipping boy to golden boy was capped by his determination to open the scoring after just 15 seconds. "Neymar is a monster. He has the gift of playing football, he delights everyone with his talent," said Brazil coach Rogerio Micale. "Neymar deserves our gratitude because he pushes Brazil to a higher level."
The Barcelona star hounded defender Johnny Palacios to rob possession on the edge of the Honduras box and goalkeeper Luis Lopez's attempt to atone for his teammate's error only ricocheted the ball off Neymar's midriff and into an empty goal.
For a moment, Neymar's bravery looked like it may have come at a cost as he had to be stretchered off after being winded in the challenge.
However, there was no repeat of his tears of anguish when carried off with two broken vertebrae in his back that ended his World Cup participation in a brutal quarter-final against Colombia two years ago.
The 24-year-old was soon back terrorising the Honduras defence as he teed up Luan for an effort Lopez managed to repel, before Bryan Acosta and Allans Vargas were booked for taking their nuncompromising attempts to stop Neymar too far.
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However, Honduras coach Jorge Luis Pinto believes Neymar's star billing offered him too much protection. "Neymar is the best or second best payer in world football, so controlling him is not easy," said Pinto, whose side still have the chance to land Honduras' first ever medal in Friday's bronze medal match. But the referees are falling into his trap."
However, it was Manchester City's new £27 million wonder kid Gabriel Jesus who piled on the pain for Honduras with two more goals before the break.
Luan's lovely through ball was prodded past the helpless Lopez by Jesus for his second goal of the tournament on 26 minutes.
Nine minutes later, Neymar turned provider with a precise pass down the left that Jesus burst onto before crashing the ball into the roof of the net.
Neymar was even whipping the near capacity 78,000 crowd into a frenzy as he uncharacteristically crashed into tackles, with Brazil relieved from the burden of expectation that appeared to weigh heavy on the young squad early in the competition.
Paris Saint-Germain defender Marquinhos took advantage of some awful Honduras marking to make it 4-0 six minutes into the second-half.
Fittingly, in their best performance of the tournament, Luan converted a fine team goal for Brazil's fifth as Gabriel Barbosa slipped in Felipe Anderson to cross low to the far post.
And Neymar capped a fine display with his second of the afternoon from the penalty spot in stoppage time.
Victory also guaranteed Brazil a fourth Olympic men's football medal, but after bronze in 1996 and 2008 and the shock of losing to Mexico in the London 2012 final, only gold will suffice for an expectant nation back at the Maracana on Saturday.
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