In a saucepan, add figs, sugar, and water. Bring to a boil, reduce and simmer covered for about 20 minutes, or until most of the liquid has reduced and figs can easily be pieced with a knife.

Pour everything into a food processor, and add lemon juice. Purée until smooth - add ¼ cup of water if needed to thin out to your desired consistency.

Store in fridge up to 1 week, or freeze into small portions to use as needed.