Add all the ingredients in a large saucepan over medium heat. Cook down the figs until easily smashed with the back of a wooden spoon. Smash and press the figs against the side of the saucepan and continue to cook down the figs until thickened to your desired thickness.
6 cups quartered figs, 1/4 cup water, 1/4 cup lemon juice, 1/4 cup granulated sugar, 1/2 teaspoon vanilla bean paste
Put preserves into mason jars and let cool to room temperature before putting in the fridge.
Notes
I am not familiar with the canning process so I cannot give tips on that. If you are an expert canner, feel free to can this with the process that you know. Otherwise, this will last at least a month in the fridge.