Spray your bundt pan with cooking spray and set aside.
Open the biscuits and lay each roll out onto a cutting board.
Cut each biscuit into quarters.
Place the biscuits into a large bowl and sprinkle 1 cup of the sprinkles onto the biscuits.
Toss the biscuits with the sprinkles.
Roll each biscuit quarter into a ball.
Using a small sauce pan, melt the butter.
Add in granulated sugar and vanilla extract.
Place one layer of dough balls into Bundt pan, then pour one-third of the melted butter mixture over.
Repeat this process until you have used all the dough and butter mixture.
Bake for 30 to 35 minutes or until golden brown on top.
Cover with foil if the top browns too quickly. (You want to make sure the sugar granules melt completely).
While monkey bread is baking, make the cream cheese glaze.
Using a standing mixer, beat the cream cheese and powdered sugar until smooth, light and fluffy.
Mix in the milk and vanilla until combined and smooth.
Scoop cream cheese into the piping bag and set aside.
Remove monkey bread from oven and allow to cool for 10 minutes before flipping over onto a serving tray.
Pipe the cream cheese onto the monkey bread and sprinkle the remaining sprinkles all over.
Video
Notes
You can store any leftovers in an airtight container in the refrigerator for up to 5 days. You can reheat this for a 15 seconds in the microwave before eating.