In a stand mixer with whisk attachment, pour in heavy whipping cream, and whip on low speed moving the speed up every five minutes until it resembles whipped topping consistency.

Add the sweetened condensed milk to the whipped topping mixture. Add in vanilla extract and fold well.

Separate about one cup of heavy whipping cream into one bowl for yellow and another one cup in a second bowl for pink. Drop the food gel into each and stir well.

Pour the white mixture into a 9x9 baking pan. As you layer this in add some peeps at the bottom, middle, and top.

Drop pink into different places and lightly swirl. Drop yellow into different places and lightly swirl.

Cover with plastic wrap or foil and freeze overnight. Once it has froze overnight it is ready to scoop and serve. When you scoop the colors will merry and be fun!