01 - Beat cream cheese, sugar, and vanilla extract in a mixing bowl until smooth and creamy.
02 - Add heavy cream and continue beating until mixture becomes light and fluffy.
03 - Scoop 1 tablespoon portions of cheesecake mixture and roll into small balls. Arrange on parchment-lined baking tray.
04 - Freeze cheesecake balls for 15-20 minutes until firm to the touch.
05 - Flatten a small piece of cotton candy in palm. Place chilled cheesecake ball in center and gently wrap cotton candy around it, pinching to seal. Roll lightly to form smooth puff balls.
06 - Sprinkle with colored sprinkles or edible glitter if desired.
07 - Serve promptly for optimal texture. Refrigerate if not serving immediately, but note cotton candy will begin to dissolve when exposed to moisture.