Cramer knows a lot of investors wish they could go back in time and buy Alphabet, or Google, back when it traded at a much lower valuation.
Yet, back in July many investors thought that the stock was outrageously expensive. But in Cramer's perspective — that is exactly what makes a great growth stock.
"Such is the life of a tremendous growth stock that turns out to be much cheaper than you believed because the earnings estimates were way too low and the business was accelerating when people feared it was tailing off," Cramer said.
Read More Cramer: How to find growth plays like Alphabet
Another privately held company with a powerful brand is Levi Strauss & Co, the 163-year-old company that literally invented blue jeans and is behind such brands as Dockers. It also owns Levi's Stadium, the home to the San Francisco 49ers, where the Super Bowl is taking place this week.
The company is committed to spending $220 million over the course of 20 years for the naming rights, which Cramer considered a smart business decision, especially since Levi's is releasing its own limited edition Super Bowl 50 apparel collection.
Cramer spoke with Levi's CEO Chip Bergh, to learn more about what is in the pipeline for the company.
"After two decades of really, really tough business conditions, we have now turned the corner and stabilized the ship," Bergh said. "We've done the things that we needed to do, and we are growing again and growing again profitably. And I think the outlook more importantly is really, really bright."
In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:
Lockheed Martin: "You want to be in Lockheed Martin, because both democrats and republicans favor higher spending on defense, and Lockheed Martin's got tons of orders coming in from overseas. Inexpensive stock."
Taser International: "This stock is too cheap, Taser. Now we're in a bear market. Remember, we're in a bear market where stocks that aren't supported by big dividends and have low valuations will go down if their earnings aren't on fire. I think Taser is an inexpensive stock."
Read MoreLightning Round: Democrats & republicans love this stock