Brian that's a very legit question!
If you have the luxury of picking your own fresh figs off of the trees then you are very lucky, since true ripe figs are only on the tree, they don't ripen after picking them. So you have the choice of tasting the true ripe fig taste. In Mediterranean people peel the figs before eating, you just pull the skin back from the part it was attached to the tree and they can peel like bananas. I personally eat the skin and all...it's a great fiber sourse, good for you.
*To make Fig preserve you need to pick the figs that are firmer that the perfectly ripped ones. Also, on top of that, to add more crunchiness you treat them with "cook's" lime (by preparing Lime Water and holding the figs in it for an hr or so, then putting the figs in fresh clean water for 4 hrs or so..) then you cook them with sugar of your choice , slowly and not to bring it to boil at all...Let them sit under sun for few days and jar them. During the cooking process you could add few cloves for aroma (it's a traditional flavoring).
*For jam, it's easier, just chop them up and cook them with sugar of your choice and jar them.
*Have you heard of Lamb dish with Figs, oregano and bay leaves in the oven? Yeah.... to die for.
*Figs with cold-cuts...Prechiutto wrapped figs with either blue cheese or Fetta or Goat cheese in it. With a touch of mint leaf on top...Perfect for Champaign or Wine occasions.
Edit: I have frozen ripe figs for 3 years and when thawed they still taste as good as ever.
Enjoy Figs in any form you desire;)