Preheat oven to 350 degrees F
Lightly spray 13x9 baking dish with cooking spray
In a large bowl, beat together cake mix, water, oil and eggs until well combined
Spread evenly in baking dish
Bake for 20-25 minutes or until a toothpick inserted in the center comes out clean
Remove from oven to wire rack to cool completely
In a small bowl, combine cherry gelatin and 1 cup boiling water, stir until completed dissolved
Stir in cold water until mixed well
Repeat in another bowl with the blue gelatin
Transfer to squeeze bottles to easily add jello to cake, or use a spoon
Make holes in cake and add jello, alternating with the flavors
Chill in refrigerator for at least 2 hours
When ready to serve, frost with whipped topping and decorate with strawberries
Store leftovers in refrigerator