In a bowl, combine the sweetened condensed milk, melted butter, and vanilla extract; mix until well blended.
Add the dried coconut, graham cracker crumbs, and chocolate chips; stir thoroughly until evenly combined.
Refrigerate the mixture for 1 hour to chill and make it easier to handle.
After chilling, take portions of the mixture and roll into balls about 1 1/4 inches in size.
Roll each ball in additional graham cracker crumbs to coat.
Return the balls to the refrigerator until firm. Once firm, store in a container in the fridge.
Serve and enjoy.