Place sugar and water in a medium saucepan and heat over medium heat, stirring constantly, until sugar dissolves. Add cranberries and cook, stirring occasionally, until cranberries pop and syrup thickens slightly, about 5 minutes. Add pepper jelly and minced jalapeno and stir until well blended. let cool completely, then refrigerate until cold. (Can be stored in refrigerator up to 1 week.) Transfer to serving dish and serve cold.

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