Add cream soda to a saucepan and sprinkle gelatin packets over the top.
Add the butterscotch schnapps, vanilla vodka, and butter-flavored extract.
Transfer the liquid to a large glass measure cup and fill each shot glass.
Dip the top rim of each jello shot into the bowl of thick caramel and then into the dish of gold sugar sprinkles.
Squirt the whipped topping onto each jello shot, drizzle with the squirt caramel topping.