In a mixing bowl, combine 8 oz of softened cream cheese and a 14 oz can of sweetened condensed milk. Using an electric mixer, blend on medium speed for about 2-3 minutes until smooth and creamy, ensuring there are no lumps. Add a 5 oz box of French vanilla pudding mix and 2 cups of milk, continuing to mix until completely combined. The mixture should be thick and luscious.

In a large dish or trifle bowl, start layering the dessert by placing vanilla wafers at the bottom. Arrange the wafers evenly to create a sturdy foundation. This base will provide structure and sweetness. Next, slice 6 to 8 ripe bananas and evenly distribute half of them over the wafers, followed by half of a container of fresh strawberries.

Pour half of the creamy pudding mixture over the layered fruit, ensuring it covers the bananas and strawberries completely. Use a spatula to spread it evenly, giving a smooth finish. Let the pudding gently soak into the fruit and wafers, creating a delightful blend of flavors.

Now, repeat the layering process by adding more vanilla wafers on top of the pudding. Follow with the remaining sliced bananas and strawberries, creating a colorful layer of fruit that pops against the creamy backdrop. Once topped with fruit, pour the rest of the pudding mixture over this second layer.

Spread 12 oz of whipped topping over the final pudding layer, gently smoothing it out to cover the creamy goodness completely. Use a spatula or the back of a spoon for a seamless finish.

Cover the dessert with plastic wrap or a lid, ensuring it's airtight to maintain freshness. Refrigerate the Strawberry Banana Pudding Dream for at least 4 hours, or ideally overnight.