Preheat the oven to 350º.
Line an 8 x 8 inch pan with non-stick foil.
Combine cracker crumbs, butter and sugar and press into bottom of pan firmly.
Bake 10 mins and cool.
In heavy saucepan, combine cream, butter, brown sugar, and water.
Stir over medium heat until the mixture is smooth.
Bring the mixture to a boil and cook, without stirring, until a candy thermometer registers 244º about 5 to 7 minutes.
Carefully pour the caramel over the warm crust.
Cool for 20 minutes.
Freeze until firm, at least 30 minutes.