Line a baking sheet with parchment paper or a silicone mat.

In a large bowl combine wafer crumbs, 1 cup powdered sugar, pecans, and cocoa powder until well combined.

In a small bowl combine rum, honey, water, and vanilla extract.

Stir in the honey mixture into dry ingredients until well combined.

Divide the dough equally using a cookie dough scoop.

Form into a ball and roll in powdered sugar, sprinkles, or chopped pecans.

Store in an airtight container for up to 3 days.