In a large stovetop pot whisk sugar, butter, milk and cocoa powder—bring to a good boil over medium heat.
Remove from heat and cool slightly (10 minutes—no longer!). Once cool, stir in salt and vanilla, followed by the quick oats and sweetened shredded coconut.
Spoon (approximately 1 heaping tablespoon per wonder) onto wax paper and let set for one hour before freezing or serving. Makes 30-36 chocolate wonders, depending on the size of your spoonfuls.