Bring 2 cups of heavy cream, 2 ½ cups of water, and butter to a medium simmer.
Add grits and stir until the mixture simmers again. Add salt and pepper, cover, and continue to stir and simmer on low for 20 minutes. (Add more water if needed)
Add the white truffle oil (a little at a time) and the fig balsamic to the grits. Leave on low and continue to stir. TURN OFF STOVE AND SET ASIDE.
Let it sit for about 10 minutes off of the burner.
When the grits have rested for 10 minutes, season to taste and desired thickness.