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Step 1
Grease an 8x8-inch baking dish with non-stick cooking spray and set aside.
Step 2
In a large bowl, beat the cream cheese and sugar with an electric mixer on medium until smooth.
Step 3
Add heavy cream and vanilla, and beat until stiff peaks form, about 3-5 minutes.
Step 4
Arrange an even layer of crackers over the bottom of the baking dish. Top the crackers with 1/3 cream cheese mixture, then, drizzle 1/3 caramel sauce over the top.
Step 5
Repeat with another layer of crackers, 1/3 cream cheese mixture, another 1/3 of the caramel sauce, another layer of crackers, and remaining cream cheese mixture.
Step 6
Cover and chill in refrigerator until set, at least 4 hours, preferably overnight.
Step 7
Once chilled, cut into squares and top with additional whipped cream and caramel sauce, if desired. Enjoy!