Prepare jars by boiling them in a large pot of hot water while the jelly cooks. Set lids in a small pot of water and simmer.
In a large nonreactive saucepan, combine peppers, jalapeños, vinegar, and sugar and bring to a boil, stirring to help the sugar dissolve.
Boil hard for 1 minute, then pour in liquid pectin.
Bring the jelly back to a boil and boil hard for 1 minute, stirring, then remove pan from heat.
Remove jars from water and fill with jelly. Wipe rims, then place lids and screw on rings.
If not canning, let jars cool to room temperature, then store in the refrigerator.
For Canning
Process in boiling water for 10 minutes, turn off the heat, and let rest 5 minutes. Remove from water and let rest 24 hours. If any jars do not seal (the center button will pop down), store in the refrigerator.