Preheat the oven to 150 degrees Celsius. If the temperature is shown in Fahrenheit, make sure it is set to 300 degrees.
Take a 9-inch Bundt cake pan and grease it well, before pouring a layer of flour on it. Set aside.
Take a medium sized bowl and put butter and sugar in it. Beat them well until the cream becomes fluffy and smooth.
Add eggs one by one and beat well with each addition. Make sure the first egg blend in well before adding the second one and so on.
Now stir in milk and mix well. Take vanilla wafers, coconut and nuts and stir them in the mixture. The batter is ready and you can pour it into the already prepared Bundt cake pan.
Now place the pan in the preheated oven for 1 hour 30 minutes. Remove the cake from the oven and allow it to cool for around 10 minutes.
Take the cake out of the pan and put it onto a wire rack and allow it to cool completely. The Vanilla Wafer Cake is ready to be served.