Place Cream Cheese and Butter in large mixing bowl, and cream together until smooth.
Add in Vanilla and Confectioner's Sugar, and continue mixing on low speed until combined.
Then mix on medium-high speed for 2 more minutes.
Once done mixing, stir well with spatula to help break up air bubbles.
Immediately frost on your cooled cake, pipe onto your cooled cupcakes, or spread on your cooled cookies. ENJOY!