Caramel Coconut Sticks

Caramel Coconut Sticks was pinched from <a href="http://www.landolakes.com/recipe/1556/caramel-coconut-sticks" target="_blank">www.landolakes.com.</a>

"Pretzel rods are smothered in a caramel and rum-flavored sauce, toasted coconut and honey roasted macadamia nuts to create a sweet and salty delight!..."

INGREDIENTS
1 1/2 cups sweetened flaked coconut
1 (4.5-ounce) can (1 cup) honey roasted macadamia nuts, finely chopped*
1 (14-ounce) bag (about 50) caramels, unwrapped
2 tablespoons Land O Lakes® Butter
2 tablespoons water
1 teaspoon rum flavoring
24 (7-inch) pretzel rods
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