Combine sugar, cocoa, milk and butter in medium sauce pan. Stir over medium heat until ingredients come to a boil.
Remove from heat and let sitand for 1 minute.
Add vanilla and peanut butter and mix well.
Stir in oats and coconut. Place dollups on wax paper and allow to cool. Serve.
(Feel free to add to or replace the coconut with chopped walnuts for a tasty variation.)