Add the ice, cooled coffee, milk, and caramel sauce to a blender.
Blend until smooth and slushy.
Pour into a glass.
Top with whipped cream and an extra drizzle of caramel sauce.
Serve immediately.
Notes
Use cooled coffee so the ice does not melt too quickly.For a stronger coffee flavor, brew the coffee double-strength before chilling it.Caramel sauce gives a richer flavor than thin caramel syrup.