Crush the Oreo cookies in a food processor until fine crumbs form.
In a large bowl, combine the crushed Oreos and softened cream cheese.
Add in the vanilla extract if using, and mix until fully combined.
Refrigerate the mixture for about 30 minutes to firm up.
Form the mixture into 1-inch balls and place them on a baking sheet lined with parchment paper.
Melt the chocolate coating in a microwave-safe bowl or over a double boiler until smooth.
Dip each ball into the melted chocolate, ensuring they are fully coated, and return to the baking sheet.
Sprinkle with festive sprinkles before the chocolate sets, if desired.
Refrigerate the coated balls for an additional 30 minutes to set.