Beat cream cheese until light and fluffy.
Add milk, continuing to beat on low speed (alternatively, you can use a whisk).
Add pudding mix, vanilla and beat until thickened.
Fold in half of whipped cream or cool whip, using rubber spatula.
Place two spoonful's of cream mixture into bottom of baking pan. Place a single layer of graham crackers on top.
Spread 1/3 of cream mixture over top, topping with a layer of sliced bananas.
Continue layering until you have three layers of Crackers, cream and banana.
To with remaining whipped cream or cool whip.
Let set in refrigerator for minimum 4 hours. Cut into 12 pieces.
Before serving, garnish with remaining whipped cream or cool whip, a banana slice and some crumbled graham crackers (or serve as is).
Enjoy!