Every time Cramer hears that OPEC is going to get together, as they did last Friday, he hears dozens of stories about how other members of OPEC will put pressure on Saudi Arabia to scale back production.
But with its production running at an all-time high of some 11 billion barrels a day, could that just be a pipe dream?
"Saudi Arabia's minsters aren't likely to be moved, because they are thinking about market share, and so far they really haven't picked up much — least of all in the United States, where they most want it," the "Mad Money" host said.
Cramer thinks this is because in the U.S. it has only been a few weeks where oil output has not increased. Meaning if the Saudis wanted to put a dent into U.S. production in 2015, they failed.
But next year is a different story. This coming year, many oil companies will be far less hedged than before, and the prices they will be hedged against will be much lower.
"2016 will be the year of the credit crunch in the oil industry, especially if crude keeps plummeting like it did today," Cramer said. (Tweet This)
Read More Cramer: Saudi Arabia could crush oil next year
With the ridiculously warm weather wreaking havoc on retail stocks recently, Cramer decided to look for apparel stocks that are doing better than some think.
PVH Corp is the global clothing powerhouse behind brands such as Calvin Klein, Tommy Hilfiger and various legacy brands like Van Heusen and Speedo. PVH reported on Wednesday and the company delivered a 19-cent earnings beat from a $2.47 basis and higher than expected sales.
While the numbers were good, Cramer interpreted the guidance for the next quarter as mixed as the company forecasted weaker than expected earnings but higher than expected sales.
To gain further clarity, Cramer spoke with PVH Corps Chairman and CEO Manny Chirico.
"This is the apparel industry so part of what we deal with is fashion risk; part of what we deal with is the weather and what goes on. Those are things that after 20 years in the business we are used to managing through and I think we did a great job of managing through it in the third quarter, and we will get to in the fourth quarter," Chirico said.
In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:
Nike: "I thought it would have been down more on a conviction buy to buy downgrade from Goldman Sachs, and I think you should wait if you want to buy more. But don't trade around it. It is too good a stock."
CVR Refining LP: "I don't really care for the refiners. I notice that the new MDU Resources refinery with the Calumet specialty is not doing that well, thank you RBN. I don't need you to be in refiners right now."
Read MoreLightning Round: It's too good to trade around