1: Preheat oven to 375 degrees Fahrenheit.
2: Butter a sheet pan and set aside.
3: Unroll the individual cinnamon rolls and add a layer of the whipped cream cheese.
4: Roll them back up and gently press down to shape them into ovals.
5: Place the prepared rolls into a ring on the buttered sheet pan.
6: Bake for 15-20 minutes or until the inside is cooked.
7: Remove and let cool.
8: While the cake cools, add the powdered sugar and vanilla to a stand mixer or bowl with a hand mixer.
9: Slowly add the milk until combined and thin enough to drizzle, adjusting the milk quantity as needed for desired consistency.
10: Once the cake is cooled, drizzle with icing and cover with the sprinkles.
11: Serve warm.