- Make the Filling: Mix the crushed vanilla wafers, cream cheese, banana pudding mix, milk, and vanilla extract until a dough forms. 
- Shape the Truffles: Roll the mixture into 1-inch balls and place them on a parchment-lined baking sheet. Chill for 30-45 minutes. 
- Melt the Chocolate: Melt the white chocolate in the microwave, stirring every 30 seconds until smooth. Add food coloring if desired. 
- Coat the Truffles: Dip the chilled truffles into the chocolate, letting the excess drip off. 
- Decorate: Sprinkle with crushed wafers, sprinkles, or chocolate drizzle. 
- Set and Serve: Let the truffles set for 15-20 minutes, then serve in a decorative bowl or gift box.