Mix cream cheese and caramel sauce until blended; spread onto bottom sides of 20 NILLA wafers. Cover with remaining Nilla wafers to make sandwiches.
Roll edges of sandwiches in coconut; place on parchment-covered baking sheet.
Spoon green candy coasting into resealable plastic bag; cut small piece off one bottom corner of bag. Use to drizzle coating over sandwiches. Repeat with red candy coating wafers. Refrigerate 5 minutes or until candy coating is firm.
Note - For a softer, more cake-like texture, store sandwiches in single layer in airtight container overnight before serving. Sandwiches can be stored for up to 5 days in refrigerator, and will continue to soften with each day of storage.
Substitute - Melt 2 oz. semi-sweet or white baking chocolate as directed on package. Use instead of the melted green and red candy coating wafers.
Nutrition Information Per Serving - 170 calories, 9g total fat, 5g saturated fat, 20mg cholesterol, 120mg sodium, 21g carbohydrate, 0g dietary fiber, 15g sugars, 2g protein