Holiday Rum Balls

3 cups finely crushed vanilla or chocolate wafers
1 cup finely chopped walnuts
1 1/3 cups (1 can) sweetened condensed milk
1/3 cup rum
Candy-making chocolate

Combine first four ingredients and blend well. Chill for 1 hour.

Shape into balls. Melt chocolate according to package directions. Dip balls into melted chocolate and set on wax paper until chocolate is set. Store in a covered container in a cool place.