In a medium-sized bowl, whip whipping cream to stiff peaks. I like to use a hand mixer, but you can also use a whisk and whip it by hand as well. Once it is whipped well, place in fridge while you mix the rest.
In another bowl, but using the same beaters and hand mixer, mix the cream cheese, powdered sugar, and vanilla.
Now, place white chocolate chips in a microwave-safe bowl. Microwave for 30 second intervals until the chocolate is melted. Mine took about 1 minute and 15 seconds, remember to mix every 30 seconds, it will burn easily. If you have a microwave that runs really hot, make sure and check every 20 seconds. Mix carefully until smooth.
Pour the white chocolate into the cream cheese mix. On medium speed, mix until smooth.
Pull your whipped cream from the fridge and add in half to the cream cheese mix. Blend until smooth. Add in the rest of the whipped cream, but this time use a spatula and fold in. If this doesn't get it as smooth as you would like, you can always blend on low speed with the hand mixers for just a minute.
Cover and place in fridge. I like to let it sit about an hour.