Tear the cake into bite-sized pieces and place in a plastic bowl. Beat the cream cheese and the sweetened condensed milk with an electric mixer until smooth.
In a large glass bowl, place half the cake pieces and pour about half the cream cheese mixture over the cake pieces. Spread evenly over the cake pieces with a rubber spatula. Pour and spread evenly one package of frozen strawberries. Spray a thin layer of whipped cream over the strawberries. Repeat the layers. This should use the rest of your ingredients. Cover with plastic wrap and refrigerate.