Microwave chocolate in large microwavable bowl on High (100% power) 1 to 2 minutes or until almost melted, stirring after each minute. Stir until chocolate is completely melted. Stir in coconut, condensed milk and vanilla. Drop by teaspoonfuls, 1 inch apart, onto well-greased cookie sheets.
Bake for 10 to 12 minutes or until set. Immediately remove from cookie sheets to cool on wire racks.
