In a large mixing bowl, beat softened cream cheese until smooth and creamy, about 2 minutes.

In another bowl, whisk together cold milk and instant vanilla pudding mix for 2 minutes until thick.

Allow pudding to stand for 3 minutes to finish thickening.

Gradually add pudding mixture to cream cheese and beat until well blended.

Gently fold in thawed whipped topping until mixture is light and fluffy.

Drain and prepare fruit: crush pineapple, slice strawberries and halved cherries.

Fold the drained crushed pineapple into the creamy mixture, followed by strawberries and cherries.

Stir in mini chocolate chips and chopped nuts, then gently fold in banana slices with lemon juice.

Transfer mixture to a serving bowl and cover with plastic wrap; refrigerate for at least 1 hour.

Before serving, add whipped topping, drizzle with chocolate syrup, sprinkle nuts and chocolate chips, and top with cherries.