Preheat oven to 350°F.

Mix graham cracker crumbs, sugar and butter together.

Pat into a 9 X 13 inch pan.

Bake for 10 to 12 minutes.

Set aside to cool.

Mix cream cheese, powdered sugar and 1/2 of cool whip with mixer.

Blend well.

Chop up snickers bars and fold into cream cheese mixture.

Spread caramel topping onto bottom of crust.

Spread cream cheese and snickers mixture over caramel layer.

Cover with remaining cool whip.

Sprinkle chopped peanuts over cool whip if desired.

Refrigerate 5 hours or more before serving.