In a medium bowl, cream together the cream cheese and butter until light and fluffy. Add in the vanilla extract and mix until combined.
Gradually add in the confectioners' sugar, 1 cup at a time, and mix until creamy. Add more confectioners' sugar if needed to reach desired consistency.
Spread the icing over the cooled cake and enjoy!
Interesting Facts
This recipe is enough to cover a 9-inch round cake or 12 cupcakes.
You can add food coloring to the icing to customize it for any occasion.
You can also add a tablespoon of milk or heavy cream to thin out the icing if needed.