Arrange a rack in the upper third of the oven and heat the oven to 400°F.
Place 1 (8-ounce) block feta cheese in a small oven-safe baking dish and drizzle with 2 tablespoons olive oil.
Stir ½ cup coarsely chopped pecans, 2 tablespoons of the honey, and 2 tablespoons fig jam together in a small bowl until the nuts are coated. Pile the nuts onto the feta cheese. Scatter 4 halved fresh thyme sprigs and 1 pinch red pepper flakes around the baking dish.
Bake until the feta is warmed and softened, and the nuts are toasted, 9 to 10 minutes. Serve immediately with crackers.
