Melt margarine in a small bowl.
In a large mixing bowl, mix well the melted margarine, milk, sugar, coconut and pecans.
Cover and set in refrigerator for about 4 hours.
Roll cold dough into balls and place on waxed paper on cookie sheet.
Set in refrigerator again.
In a double boiler, melt chocolate chips and the parafin wax.
Dip balls in chocolate/wax with toothpicks and set back on wax paper on cookie sheet.
Place in refrigerator to get cold and harden up.
Once cold, can remove balls from cookie sheet and put into a tightly covered container.