If it's any consolation, Homelander doesn't really think of this as punishment. This wasn't his initiative, his heart isn't quite in it, and it's been months since Translucent's untimely, splattery demise. The amount of fucks he gave about avenging that slight have since dwindled to roughly zero.

This is just him doing Butcher a favor, and, well... maybe playing around with him a little.

"I'd expect nothing less from the mastermind behind the infamous ass blast."

He starts to cut Butcher's shirt open, button by button, to get himself more canvas to work on.

"Sorry about that." He pats Billy's chest. "I'll get you a new shirt once this is all over. A better one."

This one probably has fleas in it.