In a medium pot brown the bacon over medium high heat. Remove bacon to a paper town and drain all the fat except for about 1 Tablespoon. Crumble bacon.
Add shallots to bacon fat and saute until soft, about 3 minutes.
Add figs, honey, brown sugar, Bourbon, red wine vinegar, balsamic vinegar, cayenne, salt and bacon crumbles to shallots. Bring to a simmer and stir mashing up the figs with your spoon.
Simmer over medium heat until the mixture becomes thick and syrupy, stirring often. This will take about 10 minutes.
Once the mixture has become thick like syrup transfer to a blender or food processor add lemon juice and blend until smooth.
Serve with cheese, spread on toast, add into a grilled cheese, spoon over chicken and bake in oven....the ideas are endless!
Notes:
*This recipe is a "to taste" recipe meaning that if you like it a bit boozier then add more bourbon or if you like it more tangy then add more vinegar or if you like it more sweet then add more honey...its your jam-make it how you like!