With mixer, cream together cream cheese and butter in a medium bowl.
Mix in sugar and vanilla, being careful to add sugar slowly to avoid creating a large sugar cloud(!).
Stir in coconut flakes. Put cinnamon into small bowl.
Coat dry hands with a little powdered sugar and using your hands take small pieces of mixture (about 2 teaspoons apiece) and form into potato shape.
Drop potatoes into cinnamon and roll to coat. Place on baking sheet.
When all the potatoes have been formed and dipped in cinnamon, refrigerate for several hours until firm.