Preheat your oven to 350℉ and grease a 9x13 baking dish.
Add the cake mix, milk, vanilla, oil, and eggs to a large mixing bowl and whisk together to form a smooth, thick batter.
1 box (15.25 ounces) lemon cake mix, ½ cup vegetable oil, 1 cup milk, 1 teaspoon vanilla extract, 3 eggs
Pour the batter into the prepared pan and bake for 30 minutes. The cake should be golden brown and spring back to the touch.
Let the cake cool in the pan for about 15 minutes.
While the cake is cooling, mix the cup of lemonade concentrate with the cup of powdered sugar.
1 cup frozen lemonade concentrate, 1 cup powdered sugar
Use a fork to prick the cake all over the surface, making small, even holes across the cake.
Pour the lemonade and sugar mix over the top of the cake, letting it soak into the cake as you slowly pour.
Put the cake in the fridge to cool for about an hour.
While the cake is cooling, make the cream cheese frosting. Beat the cream cheese and butter together until smooth, scraping down the sides of the bowl to ensure everything is well mixed.
½ cup cream cheese, softened, ½ cup salted butter, softened
Add the powdered sugar and lemonade concentrate to the frosting and beat until light and fluffy.
3 ½ cups powdered sugar, ¼ cup frozen lemonade concentrate, thawed
Spread the frosting over the top of the cooled cake and enjoy!