In a small bowl, mix together cream cheese, milk, and Italian seasoning.
Add garlic to a large skillet, then add bacon, pepper, and cream cheese mixture. Cook for a few minutes or until heated through. Add ½ cup reserved Spaghetti water and mix well.
Combine spaghetti to cream cheese mixture. Add most of Parmesan cheese and mix.
Top with reserved Parmesan cheese and fresh parsley.