01 - Beat softened cream cheese with granulated sugar and vanilla extract in a mixing bowl until completely smooth and no lumps remain, approximately 2 minutes on medium speed.
02 - Pour in heavy whipping cream and continue beating until the mixture becomes light, fluffy, and holds soft peaks, about 1-2 additional minutes.
03 - Using a tablespoon measure, scoop portions of the cheesecake mixture and roll between palms to create 16 uniform balls. Arrange on a parchment-lined baking sheet.
04 - Transfer the baking sheet to the freezer for 15-20 minutes until the cheesecake balls are firm to the touch and hold their shape well.
05 - Take a small handful of cotton candy and gently flatten in your palm. Center a frozen cheesecake ball on the cotton candy and carefully wrap the spun sugar around it, pinching edges to seal completely. Gently roll between hands to smooth the surface.
06 - Immediately press colored sprinkles or edible glitter into the exterior if desired, working quickly before cotton candy begins to absorb moisture from the air.
07 - Present immediately for optimal fluffy texture. If refrigerating, consume within 30 minutes as cotton candy will gradually dissolve when exposed to humidity.