It's actually more like a figure-eight cycle, though--depending on species. Wasps start out in the syconium full of male flowers, called a caprifig. The male wasps mate with the females immediately after pupation, and fertilize still incomplete female wasps. They dig a tunnel out of the caprifig then die; the female wasps escape via the tunnel, carrying male-flower pollen with them.
Female wasps then enter either caprifigs or figs--male or female syconia. If they enter a male syconium, they get to lay their eggs in the male flowers and the process starts anew. If they enter a female syconium, they can't lay eggs in the female flowers because they're shaped wrong, and die alone--but not before coating the female flowers in the male pollen from their birthplace.
The female syconium, if fertilized by wasps, develops seeds, is eaten, and gives rise to the next generation of fig trees. The syconium secretes digestive enzymes after pollination which digest the female wasp bodies inside, converting their proteins and sugars into fuel for the newly developing seeds.
Some fig species have both flowers colocated in the same type of syconium. Some wasps have developed insane ovipositors to impregnate the figs from outside the body. Some fig species are self-pollinating. All kinds of variations there--but yeah, most commercial figs are reliant on wasps to fruit, so you're literally eating digested wasps consumed by a opportunistically carnivorous hermaphroditic tree, playing hard-to-get.
--Kyle