Cool Whip is thicker and creamier than traditional whipped cream. Creamy cool whip is made with corn syrup, hydrogenated vegetable oil, and water. While whipped topping is made with milk and heavy cream. Cool Whip also has more air whipped into it, making it lighter and fluffier than whipped topping. This makes it a popular choice for desserts and toppings because it doesn't weigh down the dish like whipped cream does.