Spray inside of 6-quart slow cooker with no stick cooking spray. For the cake, mix all ingredients in large bowl. Pour into a greased slow cooker. Place towel over slow cooker and cover with lid.
Cook 3 1/2 hours on low or until cake is almost set.
Meanwhile, for the caramel sauce, cook and stir all ingredients in small saucepan on medium-high heat 5 minutes or until sauce is smooth.
Carefully remove slow cooker insert and place on a wire cooling rack. Pour 1/2 of the caramel sauce over the cake. Let stand 10 to 15 minutes to cool slightly. Serve cake with remaining sauce and ice cream or whipped cream, if desired.
Substitution: Use 1 cup chopped candy bars in place of the chocolate chips.
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