Combine cream cheese, butter, and vanilla in mixing bowl. Cream on medium speed with electric mixer.
Add 1/2 of the powdered sugar and continuing beating on medium until blended. Add remaining powdered sugar and brown sugar and beat on medium until it's all combined.
Stir in the mini chocolate chips with a spoon.
Cover with plastic wrap and refrigerate for two hours.
Remove from refrigerator. To shape it into a football, use a small football bowl or shape by hand. Wrap in plastic wrap and chill for an additional hour.
Remove from refrigerator and carefully uncover. If you used a bowl, turn it upside down and place ball on a serving tray. If you shaped it by hand, place the ball on serving tray.
To decorate, place serving tray over a large bowl and generously sprinkle with chocolate sprinkles. Follow directions on decorating icing pouch and draw on the laces.
Return to refrigerator until it's time to serve.
Add mini Vanilla Wafers to the serving tray for dipping.