This is a super quick and easy frosting, one of our favorites. It's from the old standby cookbook, Better Homes & Gardens New Cook Book.
Start to finish: 20 minutes
Beat together two 3-ounce packages cream cheese, softened (I just use an 8-ounce package); 1/2 cup butter, softened; and 2 teaspoons vanilla till light and fluffy. Gradually add 2 cups sifted powdered sugar, beating well. Gradually beat in 2 1/2 to 2 3/4 cups additional sifted powdered sugar to reach spreading consistency. This frosts tops and sides of two 8- or 9-inch layers (or lots of cupcakes!) Cover and store cake in refrigerator.