As the East Coast digs itself out of one of the worst blizzards in recent history, Cramer took another look at retail and see if investor portfolios could take advantage of the cold weather.
For months, many retailers have been hit hard because the weather has been so warm that they could not get rid of their winter apparel.
Typically Cramer would recommend Home Depot because it sells shovels, but now he thinks it has become too big to be pigeonholed. He also thinks Deckers, the maker of UGG boots, has become too unreliable, and snowmobile company Polaris has been crushed by Japanese competition.
"If you want to play winter storm Jonas, I think Columbia Sportswear is the way to do it," Cramer said. (Tweet This)
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And while there are many reasons why a stock can get crushed, sometimes it is just because the merchandise is so toxic.
That was why Cramer decided to revisit one of the ugliest stories out there — Etsy, the online marketplace for unique and typically handmade goods.
Etsy came public in Apr. 15 at $16 and almost doubled to $30 on its first day of trading. The IPO had an enormous amount of hype surrounding it, and Cramer was concerned.
"Etsy had decelerating revenue growth, skyrocketing expenses, and the prospectus management basically told you that their commitment to hippy-crunchy values may 'negatively influence our short or medium term financial performance'," Cramer said.
So the next time a fresh-faced IPO has a lot of hype surrounding its disruptive potential, Cramer wants investors to pay less attention to the words and more attention to the numbers, which clued him into the problems with Etsy.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Cypress Semiconductor: "They give you this return of capital yield — which is pretty amazing — which is 5.45 percent. At $8 I can't count this anything other than to buy the stock. But we are in a world of hurt bear market for certain stocks, including that one."
Boston Scientific: "It's an inexpensive stock. I do prefer Edward's Lifesciences, I think they've got the better mouse trap. That's where I'm going in that group."
Read MoreLightning Round: This group hasn't washed out yet