Chop your bacon and fry until almost crispy, stirring frequently.
Remove all bacon oil except for about ½ TBS.
Add the onions and sauté for about 5 minutes.
Next, add the garlic and sauté for 1-2 minutes, stirring continuously.
Combine brown sugar, vinegars, and water. Stir and bring to a simmer over medium heat.
Add the thyme sprigs and pepper, and simmer for another few minutes, stirring frequently and being careful not to burn.
Taste and adjust seasoning as needed.
Remove the thyme sprigs and let the mixture cool.
You can then pulse the jam a few times in your food processor to get a finer texture, or leave it as is. It's up to you.
Once totally cooled, place in sealed jars in the refrigerator for up to three weeks.
Heat it up a little to enjoy with whatever you prefer. If the jam becomes too thick after reheating, add about a TBS of water.