Preheat your oven to 350 degrees Fahrenheit. Ensure your oven is fully preheated for an even bake. While preheating, grease and flour a Bundt pan well to prevent sticking.
In a large mixing bowl, use your electric mixer to cream the butter and sugar together. Aim for a light and fluffy texture, which usually takes about 3 to 5 minutes. This step is crucial as it incorporates air into the batter, giving your cake a nice rise.
Add the eggs one at a time, ensuring each egg is fully incorporated before adding the next. This gradual addition helps maintain the cake's structure and texture. You should see a smooth and shiny batter by the time you’re done.
Now, gradually mix in the crushed vanilla wafers alternating with the milk. Start with about a quarter of the wafers, then add some milk, and repeat until both are fully incorporated. This will help keep the batter from becoming too thick.
Stir in the vanilla extract, coconut, and pecans gently, ensuring even distribution. At this point, the batter should be thick and fragrant.
Pour the batter into the prepared Bundt pan, smoothing the top with a spatula. Make sure the batter is evenly distributed to allow for uniform baking.
Place the Bundt pan in the preheated oven and bake for 60 to 70 minutes. Start checking for doneness at the 60-minute mark by inserting a toothpick into the center. If it comes out clean, it’s ready!
Once baked, let the cake cool in the pan for about 15 minutes. This cooling step is essential to allow the cake to set before inverting it.
After cooling, carefully invert the cake onto a cake stand or plate. Tap the pan gently to help release the cake and admire your beautiful creation!