01 - Preheat oven to 350°F. Line a large baking sheet with parchment paper.
02 - Unroll crescent dough and separate into triangles. Arrange triangles in a long, curved line with pointed ends outward and overlapping long edges to form a candy cane shape. Press seams together gently.
03 - In a small bowl, mix cream cheese, sugar, and vanilla until smooth.
04 - Spread the cream cheese mixture down the center of the dough strip, leaving a small border. Spoon strawberry preserves over the cream cheese layer.
05 - Fold the pointed ends of dough triangles over the filling, tucking under the outer edge to seal and maintain the candy cane curve.
06 - Bake for 15–18 minutes, or until the pastry is golden brown. Remove from oven and cool for 10 minutes.
07 - In a small bowl, whisk powdered sugar, milk, and vanilla until smooth.
08 - Drizzle the icing over the slightly cooled pastry. Immediately sprinkle with crushed peppermint candies and optional red sanding sugar.
09 - Let set for 5 minutes before slicing and serving.