Cramer's 'Mad Money' Recap: Fed and Breakfast

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"You can never prepare for the worst," such as a nuclear war, Cramer told viewers of his "Mad Money" TV show Thursday. "But you can prepare for the second worst thing."

And to Cramer, that would occur if the Federal Reserve raises short-term interest rates to 6.5%, increasing the danger of the economy falling into recession.

With that in mind, he has decided to help viewers build a Fed fallout shelter.

The first thing shelter dwellers will need is food and beverage stocks, which typically benefit other stocks in the event of an economic slowdown.

But just buying any old stock isn't Cramer's style, so he decided to give the stocks a taste test. The three lined up for the food side were General Mills(GIS Quote), Kraft Foods(KFT Quote) and Kellogg(K Quote).

Cramer first discarded Kraft Foods as a "serial cereal underperformer." The stock trades at 17 times earnings and is an "untouchable." Next for the chop was General Mills, which he thought had slower earnings growth than Kellogg.

"Kellogg is the one to pick as the best in class," Cramer said.

Next on tap was what to drink.

The three companies in the lineup were Anheuser Busch(BUD Quote), Coca-Cola(COKE Quote) and Pepsico(PEP Quote).