On high, beat cream cheese until smooth and creamy. Scrape sides of mixing bowl, add butter and cream until smooth. Add powdered sugar, brown sugar, and vanilla, and mix until combined. Add chopped Rolos and beat on high until the candy breaks up and is evenly distributed throughout dip. Make sure to use a spatula to scrape the sides down, especially to keep caramel from sticking to the bottom of the bowl. Gently stir in toasted coconut. Before serving, drizzle with caramel ice cream topping and extra toasted coconut (optional). Serve immediately or store in fridge. For best results, let dip stand at room temperature for about fifteen minutes to soften. Enjoy with apple slices, vanilla wafers, graham crackers, or pretzels. Enjoy!