Save on Pinterest

Caramel Peanut Fantasy

Packed with peanuts and gooey with caramel, this do-ahead treat is one sweet dream of a dessert to serve company. With an easy cookie crust and scrumptious candy bar layers, it goes together quickly—and will disappear just as fast! —Taste of Home Test Kitchen, Milwaukee, Wisconsin
  • Total Time
    Prep: 20 min. Bake: 10 min. + chilling
  • Makes
    12 servings


  • 2 cups crushed vanilla wafers (about 60 wafers)
  • 1/3 cup butter, melted
  • 20 caramels
  • 15 miniature Snickers candy bars
  • 1/2 cup caramel ice cream topping
  • 1/2 cup heavy whipping cream, divided
  • 2 cups salted peanuts, chopped
  • 3/4 cup semisweet chocolate chips
  • Additional chopped salted peanuts, optional


  • In a small bowl, combine wafer crumbs and butter. Press onto the bottom of a greased 9-in. springform pan. Place on a baking sheet. Bake at 350° for 8-10 minutes. Cool on a wire rack.
  • In a heavy saucepan, combine the caramels, candy bars, caramel topping and 1/4 cup cream; cook and stir over low heat until smooth and blended. Remove from the heat; stir in peanuts. Spread over crust. Cover and refrigerate for 1 hour.
  • In a microwave, melt chocolate chips and remaining cream; stir until smooth. Spread over caramel layer. If desired, sprinkle with additional peanuts. Cover and refrigerate for 1 hour or until serving.
Nutrition Facts
1 slice (calculated without additional peanuts): 504 calories, 30g fat (11g saturated fat), 32mg cholesterol, 335mg sodium, 55g carbohydrate (40g sugars, 4g fiber), 10g protein.
Every editorial product is independently selected, though we may be compensated or receive an affiliate commission if you buy something through our links.

Recommended Video


Click stars to rate
Average Rating:
  • cg8s
    Dec 11, 2019

    Mandy, to me Caramels are firm chewey candies, individually wrapped and sold in a bag. In my area the brand name is Kraft. Hope this helps.

  • Mandy
    Oct 12, 2019

    I’m from Australia and I’ve noticed in a lot of American recipes it says a certain amount of caramels. What technically are caramels in the USA? Are they caramel chocolate, caramel candy melts, chewy caramel lollies, soft caramel lollies or rock hard caramel lollies? Any help would be appreciated :-)

  • MarlaK
    Sep 11, 2017

    Absolutely delicious! A new family favorite. The store I was in didn't have the mini snicker bars so I bought a bag of fun size bars and cut them in half to make the minis. I wouldn't change a thing with this recipe.

  • tsuop
    Oct 22, 2016

    This was DELICIOUS!! I had a problem w/ the caramel layer "sliding off" when I removed the ring from the springform pan, that needs to be made thicker somehow. But all in all the taste was great!!

  • Stamper50
    Sep 29, 2016

    Dschultzo1, the recipe says, 15 MINIATURE Snickers candy bar.

  • Srjr111
    Sep 15, 2015


  • dschultz01
    Sep 13, 2015

    Very good dessert. I would have preferred that the Snickers bars and caramels were listed in ounces so you don't have to guess on which ones to buy.

  • lindaroberts
    Sep 17, 2008

    Absolutely delicious. It disappers in no time. Great recipe and easy to prepare. My family loves it.