In the mixing bowl of a stand mixer, add the heavy cream, and whip until thick, and stiff peaks have formed.
Add the sweetened condensed milk, vanilla and cotton candy extract and blend until smooth and creamy.
Divide the ice cream mixture into separate bowls and drop 2-3 drops of pink food coloring gel in one bowl, and 2-3 drops of the blue food coloring gel in the other bowl.
Add a handful of pink cotton candy to the pink bowl, and a handful of blue cotton candy to the blue bowl, and stir until it dissolves.
Pour the bowls of ice cream into a loaf pan (alternating colors) and place in the freezer overnight.
When ready to serve, scoop the ice cream into cones or dishes and place small pieces of cotton candy on the top of the ice cream.
Serve, and Enjoy!
Nutrition information is a rough estimate only; actual values will vary based on the exact ingredients used and amount of recipe prepared.