In a large mixing bowl, beat Whipping Cream (600 milliliter) with a hand mixer until it forms soft peaks.
In a small bowl, combine Sweetened Condensed Milk (7 ounce), Vanilla Extract (1 teaspoon) and Nutella® (1 cup). Gently mix together.
Add the Nutella mixture into the whipped cream and beat until smooth.
Transfer the mixture into a freezer-safe container and cover loosely with plastic wrap. Allow to set in freezer for 3-6 hours, or until firmed up.