Looking at the big picture for oil, Cramer sees that it is right in the sweet spot. The price has finally reached the happy medium where it has stopped going down for a while, and the market can finally breathe.
"The consumer doesn't need $1 oil to feel good. $2 will do fine. It's exactly the amount that gives $1,000 in disposable income to be spent elsewhere, and it's enough to make consumer sentiment surge to an 11-year high," Cramer added.
He wants consumers to enjoy the win-win deal on oil for now, or at least let the market rally as it finally found some of the long lost stability it needed.
As for pipeline stocks such as Enbridge, Cramer thinks they might actually be doing better than most people think.
"We noticed that the pipelines actually bottomed a little while ago, the best ones that is."
Read More Cramer: We're in the win-win sweet spot for oil
Cramer is breathing a sigh of relief, now that one of the longest running dramas on Wall Street is finally coming to a close. And it had a happy ending for shareholders to boot!
On Friday, PepsiCo announced that the former CEO of Heinz, Bill Johnson, will join its board. Cramer thinks this is big news, not only because Johnson has a long tenure of running a great American company, but also because he is a close advisor to Nelson Peltz's company Trian.
"This addition of Johnson to the PepsiCo board kills two birds with one stone. PepsiCo will get the wisdom of a terrific consumer packaged goods executive, and Peltz and Nooyi can bury the hatchet from what was becoming a protracted fight that I thought in the end was distracting for all involved," said Cramer.
Read MoreCramer: Finally, a happy ending for Pepsi
In the Lightning Round, Cramer gave his take on a few caller favorites:
CVR Refining: "It's got a 15 percent yield, and that's a red flag. If I see a yield that is greater than the 10-year Treasury, I'm going to say don't buy because something is wrong there."
ICIC Bank Ltd: "If anything I want you to buy it. I think India is really making a major comeback. They cut rates this week; that's exactly when you want to buy a bank stock. And India is going to be the other lone growth situation in 2015, besides the United States."
Read More Lightning Round: This country has growth for 2015