Rinse figs and cut off stems. Remove any moldy, excessively squishy spots, although some squish is fine.
Chop figs into small pieces (you don't have to peel them).
Add chopped figs, water, honey, and gelatin into the container of your bread machine. Roll the lime on the counter for a minute, then chop the end off. Use a knife to scoop the juice and pulp into the jam mixture. Briefly stir all of the ingredients to begin the mixing process.
Turn the bread machine to the jam setting and walk away. :)
When the cycle is complete, let it cool for a few minutes before using or storing.