Shred the green cabbage, red cabbage (if using), and carrots into thin strips. You can do this by hand with a sharp knife, or use a food processor with a shredding attachment.
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In a small bowl, whisk together the mayonnaise, vinegar, mustard, sugar, salt, and pepper until smooth and creamy. Add celery seeds if you’d like a slightly different taste profile.
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In a large mixing bowl, combine the shredded vegetables. Pour the dressing over the vegetables and toss everything together until the cabbage and carrots are fully coated.
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For the best flavor, let the coleslaw sit in the fridge for at least an hour. This allows the flavors to meld together and the cabbage to soften slightly.
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