Thanks to everyone for the advice. If this were a rare/expensive variety that I was planning on keeping around for a long time, I would pinch off the figlets. Like I said, I already have another Green Ischia that I bought this past fall, it is in a 16" terracotta pot and is twice the size of this plant.
So worst case scenario - the figs grow, they stress the plant and it dies, then I am out $8, not the end of the world. I have my other GI the fall back on. I do kind of want to use this plant as an experiment.
I was wondering if I should pot up now to 3 gal or wait until these figs are done ripening (if they make it that far)? This little plant is not root bound at all. I am concerned that the stress of re-potting might stall the progress this plant is making on growing these figs. I am relegated to container gardening becauase I am renting at my current place.
I threw a little bit of 10-10-10 fertilizer on this plant and put on a thick layer of mulch. Right now, conditions are perfect for growing figs - 75 and sunny with low humidity, upper 50s/low 60s at night.