In a large mixing bowl, combine the 1 can sweetened condensed milk and 1 teaspoon vanilla extract Stir them together until well mixed..
In a separate mixing bowl, pour in 2 cups heavy cream,. Using an electric mixer or a whisk, beat the whipping cream until it reaches stiff peaks. This will take a few minutes, so be patient.
Gently fold the whipped cream into the condensed milk mixture. Use a spatula or a whisk to combine the two mixtures. Be careful not to overmix; you want to maintain the light and airy texture
Add ½ cup Funfetti cake mix to the ice cream base. Fold it in gently until the cake mix is fully incorporated. This will give your ice cream the signature funfetti flavor.
Sprinkle in the ¼ cup rainbow sprinkles and gently fold them into the ice cream mixture. The sprinkles will add bursts of color and texture to every scoop.
Transfer the mixture into an air tight container or a loaf pan. Smooth the top with a spatula. Making sure the top is If using a loaf pan - seal the top of the ice cream mixture with a parchment sheet and make sure it is completely covered.
Cover the container tightly and place it in the freezer. Allow the ice cream to freeze for at least 6 hours or overnight until firm.
Once the ice cream is fully frozen, it's ready to be scooped and enjoyed! Serve it in bowls, cones, or as a delightful addition to ice cream sandwiches
Notes
Make sure your mixing bowls and utensils are cold to help achieve better whipped cream. Chilling the mixing bowl and beaters in the freezer for a few minutes before whipping the cream can also help with achieving stiff peaks.
If desired, you can add additional mix-ins, such as crushed cookies or chocolate chips, to personalize your funfetti ice cream.
For a more pronounced funfetti flavor, you can add a bit of cake batter flavoring or almond extract to the mixture.
When serving the ice cream, let it sit at room temperature for a few minutes to soften slightly for easier scooping.
To keep the ice cream fresh and prevent freezer burn, ensure that the container is tightly sealed with plastic wrap or a lid.