In a large mixing bowl, beat together 8 ounces of softened cream cheese and 1 can of sweetened condensed milk using an electric mixer on medium speed for 2-3 minutes until smooth.

Sprinkle in 1 box of French vanilla pudding mix and slowly pour in 2 cups of cold milk. Stir gently to combine until smooth and thickened, about 2 minutes.

Create the first layer with a generous base of vanilla wafers in a large serving dish or trifle bowl.

Layer sliced bananas over the wafers, followed by a layer of sliced strawberries, spreading the fruit evenly.

Pour half of the pudding mixture over the fruit and wafers, ensuring all layers are covered.

Repeat the layering with another round of vanilla wafers, bananas, and strawberries, then pour the remaining pudding mixture on top.

Spread whipped topping over the final pudding layer to create a fluffy finish.

Cover with plastic wrap and refrigerate for at least 4 hours, preferably overnight, to allow flavors to meld and the pudding to set.