Among the following, which drink is classified as a blended beverage with a caramel flavor?

The Caramel Frappuccino is rightly identified as a blended beverage featuring a caramel flavor. This drink is crafted with a creamy blend of ice, coffee, milk, and caramel syrup, resulting in a smooth texture and rich flavor profile characteristic of caramel beverages. It's a popular choice for those who enjoy sweet and dessert-like drinks.

In this context, the other drinks listed do not share the same flavor profile associated with caramel. The Chai Crème Frappuccino emphasizes spiced flavors from chai tea with no caramel component. The Java Chip Frappuccino focuses on chocolate flavors, incorporating coffee and chocolate chips, while the Double Chocolaty Chip is primarily a chocolate-based beverage. Therefore, only the Caramel Frappuccino fits the description of a blended drink with a caramel flavor.