Mix cream cheese, Jolly Cow Condensada and vanilla extract together in a bowl until smooth. Blend cream into mixture. Set aside.
Place butter cake cubes in a large glass bowl. Layer with 1/2 of cream mixture and 1/2 of Jolly Tropical Fruit Cocktail. Cover with remaining cream mixture and Jolly Tropical Fruit Cocktail. Garnish with Jolly Maraschino cherries.