Classic Hot Hungarian Wax. They grow straight up and will continue to do so until the pepper becomes too heavy and it will drop. At this point, I would suggest that you snip the pepper. It will allow the plant to put more energy into growing the plant itself which in turn will result in more peppers over all. Right now, it isn't ripe, but it certainly is edible. HHW are my favorite eating pepper and I typically pick them when they are full size but not yet ripe. They will turn orange to red when ripe but it takes too long for them to go red. I pick them when they are still yellow/green so the plant can get started on putting out new peppers. They will get hotter and bit "sweeter" when you let them go ripe, but to me the difference is insignificant. They can take several weeks to actually go red from the time they are full sized. I love them sliced up on salads. I cold can what I can't eat fresh and refrigerate them for use through the winter.

Good luck,

Bruce

Thank you! I was kind of hoping to pick it. I just wanted to make sure that it wouldn't cause some sort of catastrophic calamity.
Do I just snip right above the crown on the pepper?

I try to snip close to the plant and take most of the stem with the pepper. Does it really matter, probably not, but if you clip it near the pepper, the part left on the plant will soon die off.

Makes sense, thanks for the help!

glad to help. Cut the top off that pepper, core out the seeds and placenta, then slice it into 1/16th inch slices and put them on your next turkey or roast beef sandwich. Great crunch, good flavor and just a touch of heat.