In a large mixing bowl, combine 2 cups of unsweetened shredded coconut, 1 cup of sweetened condensed milk or cream cheese, and 1 teaspoon of pure vanilla extract. Mix until a sticky dough forms.

Assess the texture; if dry, add more condensed milk or cream cheese. If wet, mix in shredded coconut until thick and malleable.

Roll the mixture into 1-inch balls and place them on a parchment-lined tray, leaving space to prevent sticking.

Coat the balls in additional shredded coconut, or dip in melted chocolate if desired.

Refrigerate for 30-60 minutes or freeze for 15-20 minutes until firm.

Serve cold or at room temperature and store leftovers in an airtight container.