1 (8 oz.) cream cheese, softened
1 (16 oz.) Cool Whip, "slightly" thawed
1 can condensed milk
2 graham cracker crusts
caramel ice cream topping
toasted coconut
toasted pecans, chopped

Mix cream cheese, Cool Whip and condensed milk with mixer (medium speed). Put 1/4 mixture in each crust. Drizzle caramel topping on mixture in crust (amount depends on personal taste). Put rest of mixture in each crust. Sprinkle the toasted coconut and pecans on top (again amount depends on personal taste). Freeze.

Does not need to be thawed to serve; if thawing, it takes only a few minutes. May want to cut in small slices (8 to 10 per pie).