Very few ingredients, inexpensive, very quick to whip up. Only prep work required is just making sure your cream cheese has a chance to soften to near room temp and that your cool whip isn't frozen. Otherwise, you may run into textural issues.
This is a super versatile base recipe, especially if you would like to personalize it to your own flavor preferences.
Because the ingredient list for this recipe is short and easy to source, it'd could be useful to take advantage and use more quality versions of these ingredients.
I used a can of cherry pie filling but you could also change things up with different kinds of spreads (nut butter, cookie butter, nutella, etc), chocolate chips or candy, marshmallow fluff, nuts, flavors syrups.. the list goes on.