Place a sheet of plastic wrap in an 8 x 8 baking dish. Lay 16 Ritz Crackers on top of plastic wrap to cover bottom of baking dish.
In a large bowl blend together using an electric hand mixer cream cheese and sugar until smooth. Add in heavy whipping cream and vanilla. Blend again until thickened and fluffy about 3 minutes.
Dollop 1/3 of cream cheese mixture onto Ritz Crackers in baking dish and smooth evenly. Drizzle with 1/3 of the caramel sauce from jar.
Layer again with another 16 Ritz Crackers. Dollop 1/2 of the remainder of cream cheese mixture onto Ritz Crackers and smooth out. Drizzle with 1/2 of the remainder caramel sauce in jar.
Layer again with remainder 16 Ritz Crackers. Dollop remainder cream cheese mixture onto Ritz Crackers and smooth out. (DO NOT drizzle with Caramel at this time.)
Cover baking dish and place in refrigerator for 12 hours to fully set up.
Remove from refrigerator and take cover off. Place a serving plate upside down over dessert and invert dessert onto plate. Using the plastic wrap inside of baking dish to help drop dessert onto plate. Remove plastic wrap.
Optional: Top and decorate with homemade whipped topping or cool whip and drizzle with remaining caramel sauce.
This is an ICEBOX cake so make sure to refrigerate leftovers. Enjoy.