1 1/4 cups sweetened condensed milk
2 tablespoons butter
2/3 cup vanilla chips
2 cups chocolate chips
1/2 cup dried pitted tart cherries, chopped
1/2 cup coconut

Line a 9-inch square pan with foil, leaving an overhang.

Heat milk and butter until butter is melted. Measure out 2/3 cup and mix with vanilla chips until melted. Stir in cherries. Add chocolate chips to pan, stir until melted.

Using half the vanilla mixture, drop by spoonsful into pan, leaving spaces between. Sprinkle with half the coconut. Spread chocolate evenly on top, then spoon on remaining vanilla mixture. Sprinkle with remaining coconut. Chill until firm enough to cut, at least 8 hours. Lift fudge out using foil; cut into 1-inch squares.