Mix together gelatin, pecans, coconut, condensed milk and vanilla extract. Shape into balls, then set on wax paper. Chill at least 1 hour in the refrigerator or freezer.
Melt wax and chocolate chips in a double boiler and then put a wooden pick in the rolled candy and dip into the wax-chocolate mixture. Set them back on the wax paper until dry.
Servings: 1 dozen