Pour the apple juice and orange juice into a medium saucepan and start heating over medium heat.
Add the cinnamon stick, cloves, and caramel sauce, then stir to combine.
Simmer the punch over low heat for 10-15 minutes to allow the flavors to meld together.
Remove from the heat, then stir in the honey and vanilla extract for added sweetness and aroma.
Strain the punch through a fine-mesh sieve to remove the spices.
Pour into glasses and garnish with whipped cream and caramel pieces.
Serve immediately and enjoy the sweet and spicy flavor of the punch!
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