Trim and discard the rhubarb leaves and root ends, wash the stalks, and chop them. Place in a large pot with the water.
Bring to a low boil over medium-high heat, watching closely since rhubarb foams up easily, then reduce the heat, cover, and simmer 15 to 20 minutes until the rhubarb breaks apart and the liquid is bright pink.
Strain through a cheesecloth-lined strainer for 1 to 2 hours without squeezing. Measure the strained juice.
Prepare a water bath canner, jars, and lids if you're canning.
Pour the juice into a jelly pot and whisk in the pectin until dissolved. Bring to a full rolling boil over high heat, stirring constantly.
Add all the sugar at once, stir to dissolve, return to a full rolling boil, and boil hard for exactly 1 minute. Remove from heat and skim off any foam.
Ladle into prepared jars, leaving 1/4 inch headspace. Wipe the rims, center the lids, and apply bands fingertip-tight.
Process in a boiling water bath for 10 minutes, adjusting for altitude. Rest the jars 5 minutes, then cool 12 to 24 hours and check the seals.