For those investors looking for a place to hide in this hideous market, Cramer recommended to look at Panera Bread.
The company reported a fantastic quarter on Wednesday, thus removing earnings risk from the stock. Panera is a chain of more than 1,900 bakery cafes that serve health- and taste-conscious food.
Cramer spoke with Panera CEO Ronald Shaich, who attributed the company's success to its 2.0 model that was first unveiled in 2014. The revamp was aimed at enhancing guest experience at Panera through digital ordering, payment and operations.
"Our view is essentially we are moving into an omni-channel world. As we built out 2.0, it is really a better guest experience," Shaich said.
Read More Panera: The silent, digital Starbucks killer
Cramer also recently recommended Columbia Sportswear, as he thought that with a cold winter finally rolling in that this was a company that could really benefit.
However, he has now realized that this company is about more than just cold weather. Columbia is the company that has the house of brands that includes Montrail, Mountain Hardware and PrAna sustainable yoga and climbing apparel.
Cramer spoke with Columbia CEO Tim Boyle after the company reported earnings Thursday.
"It's always great for us when the weather is cold, but, frankly, we have really focused diligently on making the business better and less weather dependent," Boyle said.
In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:
Marathon Petroleum Corp: "I see the refinery margins being pressured here ... I'm going to say sell, sell, sell."
Tesla Motors Inc: "Tesla is a cult stock ... It is too much of a battleground for me. But my daughter wants one, so all I can say is that it's a cult stock."
Read MoreLightning Round: Steer clear of this cult stock