In a medium saucepan, combine pudding mix and milk. Bring to a boil over medium heat, stirring frequently. Reduce heat to low; add cream cheese, stirring until smooth. Pour into a medium bowl; cover and refrigerate until chilled.
Add whipped topping and confectioners’ sugar, whisking until smooth. Stir in banana. Garnish with whipped topping, banana slices, and crushed vanilla wafers, if desired. Serve with vanilla wafers and graham crackers.
Recipe by Taste of the South at https://tasteofthesouthmagazine.com/banana-pudding-dip/