In a large bowl with a large sturdy spoon, stir together coconut, powdered sugar, butter, milk, almonds and vanilla. The mixture will be very thick! Cover and refrigerate for at least 2 hours (I once left this in my fridge for a week and it was just fine).
Remove coconut mixture from fridge and roll into balls about the size of a walnut.
In a small saucepan, melt the parafin. Slowly stir in chocolate chips and keep over very low heat.
Using a sturdy toothpick, dip coconut balls into melted chocolate and set on a sheet of wax paper to cool.
Recipe by Everyday Southwest at https://www.everydaysouthwest.com/chocolate-covered-coconut-bon-bons/