1 can sweetened condensed milk
1 c. water
1/2 c. lemon juice
1/2 c. Bisquick
3 eggs
1/4 c. butter, softened
1 1/2 tsp. vanilla
1 c. coconut

In blender, combine all ingredients except coconut. Blend three minutes. Pour into a greased 10 inch pie plate; let stand 5 minutes. Sprinkle with coconut. Bake at 350 degrees for 35 to 40 minutes or until knife inserted comes out clean. Cool slightly; serve warm or cool. Refrigerate leftovers.