Stir together softened cream cheese and Cool Whip in a large mixing bowl. If using pudding mix, add the sugar, vanilla, and pudding mix. Combine all ingredients thoroughly.
You can color your frosting by adding several drops of food coloring. After each addition of food coloring, stir the frosting until the desired color is achieved.
Use a spatula to spread the frosting over your desired dessert. When the frosting is evenly distributed over the surface, use the spatula to smooth it out.
If you want to make your cake even more attractive, use a butter knife or spatula to create waves in the frosting. Alternatively, you can spoon the frosting into a pastry bag and squeeze frosting onto your dessert with a frosting tip. Enjoy!