Inspired by the recent creation of the honeycomb optical lattice and the realization of the Mott insulating state in a square lattice by shaking, we study here the shaken honeycomb optical lattice. For a periodic shaking of the lattice, a Floquet theory may be applied to derive a time-independent Hamiltonian. In this effective description, the hopping parameters are renormalized by a Bessel function, which depends on the shaking direction, amplitude and frequency. Consequently, the hopping parameters can vanish and even change sign, in an anisotropic manner, thus yielding different band structures. Here, we study the merging and the alignment of Dirac points and dimensional crossovers from the two dimensional system to one dimensional chains and zero dimensional dimers. We also consider next-nearest-neighbor hopping, which breaks the particle-hole symmetry and leads to a metallic phase when it becomes dominant over the nearest-neighbor hopping. Furthermore, we include weak repulsive on-site interactions and find the density profiles for different values of the hopping parameters and interactions, both in a homogeneous system and in the presence of a trapping potential. Our results may be experimentally observed by using momentum-resolved Raman spectroscopy.