1/2 c. butter
1 (14 oz.) pkg. Kraft caramel squares
1/4 c. milk
6-8 c. corn flakes
2/3 c. chopped walnuts
1 c. flaked coconut
Waxed paper

Line cookie sheets with waxed paper. Melt butter, milk, and caramels on medium low heat until smooth. Remove from heat. Mix in remaining ingredients. Drop candies by spoonfuls onto cookie sheets and let cool for about 1 hour. Store in airtight container with waxed paper between layers.