Start by whipping together the cream cheese, vanilla, sugar and powdered sugar until creamy.
Using saran wrap. Pour the mixture into the saran wrap and then pull up all ends until it's in the shape of a ball. Place in a bowl and place in the fridge or freezer until harder (freezer if you're serving immediately, fridge if it's next day).
Once it's harder, remove the saran wrap, place in the waffle bowl and pour the chocolate spread over top of it.
Then add sprinkles, whipped cream, and a cherry on top. Serve with graham crackers and/or Nilla wafers and let everyone enjoy! It's very fun and festive and your kids will love it!!