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1. Prepare the base:** Preheat the oven to 350°F (175°C). In a bowl, mix crushed pretzels, melted butter, and granulated sugar. Press the mixture firmly into a greased 9×9-inch baking pan. Bake for 8-10 minutes, then let cool.
2. Make the caramel layer:** In a saucepan, combine brown sugar, butter, and heavy cream over medium heat. Stir constantly until the mixture begins to boil. Cook for 4-5 minutes until thickened. Remove from heat and stir in vanilla extract. Pour the caramel evenly over the cooled pretzel crust. Chill in the refrigerator for 30 minutes.