01 - Rim martini glasses with cream cheese frosting and dip into chocolate shavings or red velvet cake crumbs if desired. Set prepared glasses aside.
02 - Add softened cream cheese, vodka, white chocolate liqueur, Irish cream liqueur, crème de cacao, half-and-half, and red food coloring to a cocktail shaker.
03 - Fill shaker with ice and shake vigorously for 20 seconds until mixture is well chilled and cream cheese is fully incorporated.
04 - Strain mixture evenly into prepared martini glasses. Garnish with chocolate shavings or red velvet cake crumbs and serve immediately.