Frozen Coconut Pie

From the kitchen of Illa Ruth Norris

1 package cream cheese-softened
1 tablespoon sugar
1/2 cup milk
1 1/3 (about) cups flaked coconut
1 (8 ounce) tub of Cool Whip
1/2 teaspoon vanilla
1 prepared graham cracker crust

Beat cream cheese & sugar in large bowl. Gradually add milk and beat until smooth. Stir in coconut, whipped topping and vanilla. Spoon into crust. Freeze for 4 hours or until firm. Garnish with coconut or maraschino cherries, if desired. Let stand at room temperature for 15 minutes.