1/2 lb butter (2 sticks), 2 cups sugar, 6 eggs, 1 (12 oz) box vanilla wafers crushed, 2 (7 oz) cans coconut, 1 and 1/2 cups pecans broken into pieces, 2 tablespoons milk.
Place vanilla wafers in food processor and crush into crumbs. Set aside. Cream butter and sugar. Add eggs, one at a time, beating 1 minute after each egg. Add crushed vanilla wafer crumbs and 2 tablespoons milk. Add coconut and pecan pieces. Bake in greased and floured tube pan at 325 degrees for 1 1/2 hours.
Let cool completely in pan.