Preheat your oven to 350 degrees F and grease a 9x13 baking pan with non-stick cooking spray, then set aside.
In a medium mixing bowl, combine the softened cream cheese, ½ cup sugar, egg, and vanilla extract. Beat with an electric mixer until smooth and creamy, then set aside.
In a small mixing bowl, combine the remaining sugar and cinnamon, then sprinkle half of the cinnamon sugar mixture evenly in the bottom of your prepared baking pan.
Unroll one tube of crescent dough and carefully lift it into the pan on top of the cinnamon sugar. Trim an inch or so off each of the sides so the crescent dough fits better.
Evenly spread the cream cheese mixture over the crescent dough crust. Unroll the second can of dough trimming the long sides an inch or so and place it on top of the filling.
Sprinkle the remaining cinnamon sugar on top of the dough. Bake for 25-30 minutes or until golden brown, then transfer to the fridge until chilled, at least 2 hours, up to overnight.
Once chilled, cut into equal sized squares and serve cold!