In a large mixing bowl, use an electric mixer to beat the softened cream cheese and powdered sugar together until the mixture is smooth and creamy, with no lumps remaining.
Gradually add the crushed vanilla wafers, melted white chocolate, and vanilla extract to the cream cheese mixture, stirring gently until everything is fully integrated and the mixture is uniform.
With clean hands, take small portions of the mixture and roll them into balls, approximately 1 inch in diameter. Place each ball on a parchment-lined baking sheet to prevent sticking.
Transfer the baking sheet to the refrigerator and chill the truffle balls for about 30 minutes, allowing them to firm up and hold their shape.
After chilling, carefully stack two truffles on top of each other to create a charming snowman figure. Make sure they are stable!
Use mini chocolate chips to create two expressive eyes and three buttons on the upper truffle for added charm.
Shape small pieces of orange candy or fondant into tiny carrots for noses and affix them just below the eyes using a dot of melted chocolate if necessary.
For the final festive touch, sprinkle coconut flakes around the base of the truffles to resemble fresh snow, and adorn the top with colorful sprinkles to create whimsical hats.
Keep your delightful Snowman Truffles in the refrigerator until you're ready to serve them at your holiday gathering or festive occasion.