Combine graham cracker crumbs, melted butter, and sugar in a bowl. Press into the bottom of a pie dish and bake for 8-10 minutes until golden. Let cool completely.
Heat 3/4 cup of heavy cream in a saucepan over low heat until hot. Stir in chopped white chocolate and peppermint extract until melted and smooth. Let cool slightly.
In a separate bowl, whip the remaining 3/4 cup of heavy cream until stiff peaks form. In another bowl, beat the cream cheese until light and fluffy.
Fold the cooled white chocolate mixture into the whipped cream, then gently combine with the beaten cream cheese until fully incorporated.
Pour the mousse filling into the cooled graham cracker crust, spreading evenly.
In a mixing bowl, beat 1.5 cups of heavy cream until stiff peaks form. Gradually add powdered sugar and vanilla extract, mixing until combined. Spread over the mousse layer.
Refrigerate for at least 4 hours, or until set. Before serving, garnish with crushed candy canes.
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Notes
Store leftovers covered in the refrigerator for up to 5 days.