Easy Chocolate Truffles

3 ( 6-ounce) packages semisweet chocolate chips (3 cups)
1 (14-ounce) can sweetened condensed milk
1 tablespoon vanilla extract
Coatings:
Chocolate sprinkles
Colored sprinkles
Finely chopped or ground nuts
Flaked coconut
Unsweetened cocoa powder

In heavy saucepan, over low heat, melt chips with sweetened condensed milk. Remove from heat; stir in vanilla. Chill 2 hours or until firm.

Shape into 1-inch balls and place on waxed paper-lined baking sheet. Roll balls in your choice of coatings. Chill for 1 hour or until firm. Store covered at room temperature.

Makes about 2 1/2 pounds candy.

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