Instructions
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Step1Reserve 12 whole cherries for garnish. Chop remaining cherries; set aside.
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Step2In medium bowl, beat whipping cream with electric mixer on high speed until stiff peaks form.
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Step3In large bowl, stir together condensed milk, cinnamon, nutmeg, rum extract and vanilla. Fold in whipped cream until combined.
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Step4To make each parfait in jelly jar or glass, layer about 1 tablespoon cereal, about 1/4 cup cream mixture, some of the chopped cherries, another tablespoon cereal and a layer of cream mixture. Sprinkle top with cereal; top with 1 reserved whole cherry.
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Step5Cover; freeze at least 5 to 6 hours before serving.