Start by adding your softened cream cheese to a large mixing bowl. Mix it on medium speed for about a minute until it's nice and smooth.
Next, add in the Cool Whip, most of the caramel sauce (save a little for topping), powdered sugar, and brown sugar. Mix everything together on medium speed for another minute until it's well combined and creamy.
Chop up that delicious Twix bar into small pieces. Toss most of those pieces into your bowl, saving a few for later. Do the same with the mini chocolate chips—mix most of them in but leave some for topping. Gently fold the Twix and chocolate chips into the dip with a spatula.
Transfer your dip to a serving dish, then top it off with the reserved Twix pieces, mini chocolate chips, peanuts, and a drizzle of that leftover caramel sauce.
Serve it up with apple slices or graham crackers, and get ready to enjoy every sweet and crunchy bite!