No Bake Cherry Rum Balls

2 1/2 pounds vanilla wafer crumbs
2 cups nuts, finely chopped
2 cups coconut
1/2 cup light corn syrup
1 cup dark sweet cherries, well drained and chopped
1 cup dark rum (or 1 1/2 tablespoons rum extract)
2 cups confectioners' sugar

Thoroughly mix all of the ingredients, except the confectioners' sugar, together, blending well. Shape into 1-inch balls and roll in the confectioners' sugar.