1/2 of 6 oz. container Cool Whip
1 qt. softened vanilla ice cream or ice milk
1 c. peanut butter (creamy or chunky)
1/2 c. caramel topping
1 chocolate pie crust

Combine first 3 ingredients with electric mixer. Spread caramel topping in bottom of pie crust and let set 1 hour. Pour ice cream mixture over caramel. Freeze pie for 24 hours for best results.

Decorate top with whipped cream, peanuts and/or shaved chocolate as desired. Take out of freezer 5-10 minutes before serving for easy slicing.