FOR THE BODY: Combine the Confectioner's Sugar, Marshmallow Cream, & Vanilla Extract. Knead it, It will be dry. Shape into 4 1/2-inch x 1 1/4-inch logs. Cover & chill overnight. (okay I think my cut into SIC was to be cut into SIX 4 1/2-inch x 1 1/4-inch logs)!
FOR THE BARK: Put the Caramels & Water into a double-boiler over boiling water. Melt the caramels. (probably can use the microwave with this part in a microwavable bowl).
Drop logs into the melted caramel. Roll logs into the pieces of pecans.
Let sit on wax paper to chill & chill 2 hours. Cut into 1/3-inch slices.