Preheat the oven to 325 degrees F (165 degrees C). Grease a 9×13 inch baking pan.
**In a small bowl, stir together the wafer crumbs and melted butter. Press into the bottom and a little bit up the sides of the prepared pan. Sprinkle on the chocolate chips, coconut and pecans so they are evenly distributed. Pour the condensed milk over everything.
**Bake for 20 to 30 minutes in the preheated oven, until the coconut is browned. Cool before cutting into bars. these are great frozen too. Cut into small squares – these are very rich!**