01 - Beat the cream cheese with sugar and vanilla extract in a mixing bowl until smooth and creamy. Add the heavy cream and continue beating until light and fluffy.
02 - Scoop 1 tablespoon portions of the cheesecake mixture and roll into small balls. Arrange on a parchment-lined baking tray.
03 - Freeze the cheesecake balls for 15 to 20 minutes until firm enough to handle.
04 - Working one at a time, flatten a small piece of cotton candy in your palm. Center a cheesecake ball on the cotton candy and gently wrap the candy around it, pinching to seal. Roll lightly between hands to form smooth puff balls.
05 - Sprinkle with colored sprinkles or edible glitter if desired.
06 - Serve immediately for the fluffiest texture, or refrigerate until serving. Note that cotton candy begins to dissolve when exposed to moisture for extended periods.