In small strainer, place chopped cherries; squeeze as much liquid as possible out of cherries. Pat dry with paper towel.
In small bowl, melt White Candy Melts candy according to package instructions. Transfer to large mixing bowl; cool slightly. Add cream cheese and whip until light and creamy. Add cherries and whip until well combined. Spoon into pie crust. Refrigerate until firm, at least one hour.
Just before serving, whip cream on high speed with electric mixer in large bowl until frothy and slightly thickened. Add sugar and vanilla extract. Whip until cream is stiff. Using a 1M tip, pipe rosettes around the edge of the pie. Garnish with Patriotic Foil Fun Pix.
The rosette has the tight, swirling look of a rose, but is achieved in one continuous rotation, rather than with wrapped layers of petals. Single rosettes are also used as candleholders on top of a cupcake.