Gather all ingredients.

Combine cream cheese, hot pepper sauce, paprika, and garlic in a food processor. Process until well combined.

Add 1 1/2 cups shredded cheddar cheese and process until cheese is finely chopped but still visible.

Sprinkle about 3 tablespoons of the remaining shredded cheese into a 4-inch pile on a large piece of plastic wrap. Top with a rounded scoop of the cheese ball mixture.

Sprinkle the cheese ball mound with the remaining shredded cheese.

Pull sides of plastic wrap up and over the cheese ball mixture to wrap tightly and shape into a ball. Wrap with additional plastic wrap if necessary.

Wrap 4 wide rubber bands evenly around the cheese ball to create indentations resembling a pumpkin.

Chill cheese ball in the refrigerator for at least 3 hours.