Preheat oven to 350 degrees F.
Grease and flour 8x4" loaf pan.
In a large bowl with an electric mixer, beat together butter and sugar until well combined, about 1-2 minutes.
Add eggs, one at a time, beating until each one is combined, scraping down the sides as needed.
Add vanilla extract and beat until combined.
Add flour and beat until just combined.
Fold in sprinkles.
Pour batter into prepared pan.
Bake in preheated oven for 55-58 minutes, until top is golden and toothpick tester comes out clean.
Let cool completely.
Once cooled, carefully divide the loaf into thirds horizontally to create the layers of your cake.
Next, place plastic wrap inside of the loaf pan to cover the entire pan.
Place bottom layer of the pound cake on top of the plastic wrap.
Spread a layer of the ice cream over the pound cake. You will want 1 ½ to 2 cups of ice cream. You can determine how big you want your ice cream layers.
Repeat with remaining pound cake and ice cream, ending with the top of the pound cake.
Spread hot fudge topping over the top of the pound cake and then top with remaining sprinkles.
Cover carefully and place in freezer to freeze ice cream.
Once frozen, cut into slices and enjoy!
This can be made a couple of days in advance, if you need.