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Step 1
Prep a 9 by 13 pan by greasing it and/or lining it with parchment paper.
Step 2
Place marshmallows, butter and vanilla extract in a large microwave proof bowl and microwave until marshmallows are puffy and stir until smooth.
Step 3
Add Rice Krispie Cereal and fold until combined. Dump into prepared pan and pat until flat.
Step 4
Over medium heat melt unwrapped caramels, sweetened condensed milk, and butter until smooth. Pour over Rice Krispie Treats.
Step 5
Melt chocolate chips and spread over caramel. (Add a little cream if you want it to be thinner.)
Step 6
Sprinkle chopped pecans over the chocolate layer and let set in the fridge or on the counter. (But the fridge takes much less time.)