You may mean "crackers", which means crazy.
Or you may mean, "that's a cracker", which means "that's a great thing." It's a general compliment e.g. That was a cracker of a game between England and Wales last night.
If you use he or she, a "cracker" can also mean an attractive person.
These are slang expressions common in the UK but I don't know how common they are elsewhere.