The price of oil has been hit hard lately, dropping to about $50 during the day on Tuesday from $59 a week ago. Cramer is still in shock, because when oil was hovering around $60 he was convinced that the independent oil companies might provide some real leadership in the market.
But after the latest session of crude being put through the meat grinder, Cramer's opinion has been thrown out the window.
So what could be next for oil prices?
To find out, Cramer turned to the help of Carley Garner, a technician and co-founder of DeCarley Trading, and a colleague of Cramer's at RealMoney.com.
"Now, if there is one thing you need to keep in mind as the price of oil tumbles, it is that this is very much an issue of excess supply," the "Mad Money" host said. (Tweet This)
Garner believes that if oil breaks below $50.50, it will easily fall to $41.40 a barrel. And if that level fails, then a quick drop to the mid-to-low $30s could be possible. She doesn't expect oil to fall that low, but she did suggest that if you are going to bet on oil here, you need to be prepared for it.
On the flipside, if oil goes lower than that means that the airline stocks will be headed higher. Cramer recommended Delta as the cheapest option. Cramer's charitable trust has made its bet, and now he's waiting for lower levels before he puts any money to work in oil.
Read More Cramer: $30 oil could be around the corner
Another company that caught Cramer's eye was GigSky, a privately held company that provides a global alternative to traditional wireless carrier's insanely high roaming plans. For those who have been on vacation overseas and then looked at their wireless bill filled with roaming fees, this could be a savior.
GigSky provides affordable international data coverage anywhere a person goes. You buy one universal SIM card for your phone, download the app, put in your credit card information and then you're good to go anywhere. And while the pricing structure varies, it is still dramatically lower than AT&T or Verizon's roaming fees.
To find out more, Cramer spoke with GigSky's founder and CEO Ravi Rishy-Maharaj.
"When you buy GigSky service we offer you the fastest network possible in the country you are in. So whether it is 3G or 4G, whatever the contracts we have with our carriers we offer you the best speeds right off the bat," Rishy-Maharaj said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Electronic Arts: "There was an upgrade just today. This stock has now rallied tremendously and it is at its all-time high and believe it or not, I think it's having an unbelievable quarter. I'm not going against it, I think the stock can go higher."
Ross Stores: "It's still 4 or 5 points off its 52-week high and I'm going to give you a two-fer, I like TJX too. I think they can roar here with oil coming down."
Read MoreLightning Round: These stocks roar with oil down