Combine the Ingredients: In a large mixing bowl, blend together cream cheese, peanut butter, confectioners' sugar, and vanilla extract using an electric mixer until smooth.

Scoop and Shape: Use a tablespoon to portion the mixture into 1-inch balls, rolling them with your hands and placing them on a parchment-lined tray.

Choose Your Coatings: Roll each ball in your chosen coating such as crushed nuts or cocoa powder for added texture.

Chill to Firm Up: Refrigerate the tray for at least 2 hours to let the balls firm up.

Serve and Store: Enjoy right away or store in an airtight container for up to a week.