Place potatoes in a large pot with 4 quarts water; bring to a boil over high heat.
Reduce heat to medium; boil potatoes 15 minutes or until tender.
Drain and set aside.
Blend mayonnaise and Bacon Jam in a large serving bowl.
Add onions, bacon, peppers, celery, salt, pepper, and seasoning potatoes; toss gently.
Serve while still warm or chill thoroughly and serve cold.