Start by making the strawberry buttercream. Cream the butter and Crisco until light and fluffy. Add in 1/2 of the powdered sugar and the strawberry powder. Mix on low speed until incorporated and then beat on high speed until creamy. Add in the rest of the powdered sugar, the strawberry jam, the vanilla extract and the milk and heavy cream. Mix on low speed until incorporated, and then beat on high speed until creamy and fluffy.
Remove the cakes from the freezer and unwrap them. Use a serrated knife to level out the cakes so that they're as flat as possible. Begin assembling the cake. Put one layer of cake on a cake board and spread 1/2 cup of frosting on top. Don't worry if the frosting hangs over the edges of the cake. Add another cake layer and another 1/2 cup of frosting. Continue with the remaining two layers and then frost the top and sides with a crumb coat. (See the recipe notes.) Freeze the cake for 20-30 minutes.
While the cake is chilling prepare the dark chocolate buttercream. Cream the butter and Crisco until light and fluffy. Add in 1/2 of the powdered sugar and the cocoa powder. Mix on low speed until incorporated and then beat on high speed until creamy. Add in the rest of the powdered sugar, the vanilla extract, the milk and heavy cream, and a couple drops of black food coloring. Mix on low speed until incorporated, and then beat on high speed until creamy and fluffy. Add more food coloring if needed, but only a few drops at a time. Keep in mind that the color will deepen as the frosting rests.
Take the cake out of the freezer and add a second layer of frosting to the sides and top of the cake. Spread it on using an offset spatula and use the spatula or a scraper to smooth the edges. Wipe the blade clean frequently to achieve a smoother finish. Place the cake back in the freezer for 30 minutes.
Take the cake out of the freezer and add a layer of dark chocolate frosting to the sides and top of the cake. Spread it on using an offset spatula and use the spatula or a scraper to smooth the edges. Wipe the blade clean frequently to achieve a smoother finish. Put the cake in the refrigerator (not the freezer).
Prepare the white chocolate ganache for the drip. Pour the white chocolate chips in a heatproof bowl. In a separate heatproof container, heat the heavy cream in the microwave for 30 seconds to a minute, until boiling. (Watch to be sure it doesn't boil over.) Pour the cream over the chips and let it rest for 2 minutes. Then whisk until smooth. If the chips don't completely melt within 10 to 15 seconds of whisking, place the ganache back in the microwave and heat for 15 seconds on medium power. Stir in the food coloring (a few drops at a time, until it's the color you want) and pour the chocolate into a plastic squeeze bottle or ziplock bag.
Take the cake out of the refrigerator. Hold the bottle/bag (if using a bag, snip the corner) at a 45-degree angle along the top edge of the cake and gently squeeze. Apply varying levels of pressure on the bottle/bag as you pipe around the entire top of the cake. Varying levels of pressure makes for varying drip lengths. Let the drip stand for 5 minutes and then carefully add sprinkles to the end of each drip.
Smooth the remaining ganache on the top of the cake. You may get a few more drips but don't worry about that! Let that stand for 5 minutes before using the remaining chocolate frosting to pipe rosettes around the top perimeter of the cake. You can also pipe rosettes around the bottom edge. Use Wilton tip #1M. Top with sprinkles, and you're done! Store in the refrigerator, either tightly wrapped or in a cake container. Best enjoyed at room temperature.