Follow these straightforward steps to create the Delightful Candy Cane Cake:

1. Preheat the Oven: Preheat your oven to 350°F (175°C). Grease and flour five 8-inch round cake pans.
2. Mix Dry Ingredients: In a bowl, whisk together the flour, baking powder, and salt. Set aside.
3. Cream Butter and Sugar: In a large mixing bowl, cream the softened butter and granulated sugar until light and fluffy, about 3-5 minutes.
4. Add Eggs and Extracts: Beat in the eggs, one at a time, mixing well after each addition. Then, add the vanilla extract and peppermint extract.
5. Combine Mixtures: Gradually add the dry mixture to the wet ingredients, alternating with the milk. Start and end with the flour mixture, mixing until just combined.
6. Divide Batter: Evenly distribute the batter among the five prepared cake pans.
7. Bake: Place the pans in the preheated oven and bake for 30-35 minutes, or until a toothpick inserted in the center comes out clean.
8. Cool the Cakes: Remove from the oven and let the cakes cool in the pans for 10 minutes. Then transfer to wire racks to cool completely.
9. Prepare the Frosting: In a mixing bowl, beat the softened butter until creamy. Gradually add the powdered sugar, followed by the vanilla and peppermint extracts. Mix in the heavy cream until the desired consistency is reached.
10. Assemble the Cake: Once the cakes are cooled, place one layer on a serving plate. Spread a layer of frosting on top, then add the second layer. Repeat this process until all layers are stacked.
11. Frost the Outside: Use the remaining frosting to cover the sides and top of the cake evenly.
12. Decorate: Sprinkle crushed candy canes on top of the frosted cake for a festive touch.

By following these steps, you will create an incredible Delightful Candy Cane Cake that will be the star of any holiday gathering!