A whipping and dispensing appliance is disclosed for use in the preparation of food products. The whipping and dispensing appliance may have a housing and a plurality of different caps so that it can transition between modes of operation. In a first mode of operation, the whipping and dispensing appliance can create a whipped food product. In a second mode of operation, the whipping and dispensing appliance can store the whipped food product, and in a third mode of operation the whipping and dispensing appliance can dispense the food product. The whipping and dispensing appliance may have multiple mixing elements to create the whipped food product and a plunger disc to help a plunger dispense the whipped food from the interior of the housing.

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