In a large mixing bowl add oats, peanut butter, honey and vanilla extract, mixing throughly. Mixture will be very thick and sticky.
Stir in butterscotch chips and pecans.
Place in the refrigerator for 30 mins.
Place shredded coconut into a small bowl. Roll cold mixture into bite size balls.
Cover and roll peanut butter bites in the shredded coconut, pressing coconut to the bites so it will stick.
Refrigerate until ready to eat. Enjoy!