In a mixing bowl, beat the softened cream cheese until smooth.
Add the powdered sugar, vanilla extract, and cotton candy flavoring. Mix until creamy.
Fold in the whipped topping and heavy cream until light and fluffy.
Refrigerate the filling for about 30 minutes until firm.
Lightly flour a clean work surface.
Flatten each biscuit into a circle about ⅛-inch thick.
Scoop 1–2 tablespoons of the chilled cheesecake filling into the center of each biscuit.
Carefully pinch the edges together to completely seal the filling.
Roll gently into smooth balls.
Heat vegetable oil to 350°F (177°C).
Fry the Crispy Cotton Candy Cheesecake Bombs in small batches for 1–2 minutes per side until evenly golden brown.
Transfer to paper towels to drain excess oil.
While still warm, roll each bomb in granulated sugar.
Dust lightly with powdered sugar.
Top each dessert with a small tuft of cotton candy just before serving.
Drizzle with vanilla glaze, raspberry sauce, or caramel if desired.