1. Line a tray or small baking sheet with parchment paper and set aside.

2. In a saucepan over low heat, melt 3 cups white chocolate chips with the sweetened condensed milk and butter, stirring until smooth.

3. Remove from the heat and stir in the vanilla extract, peppermint extract, and salt.

4. Add the powdered sugar gradually and stir until a thick fudge mixture forms.

5. Cover and chill the mixture for 1 to 2 hours, until firm enough to scoop.

6. Scoop and roll the mixture into 1 inch balls, then place them on the prepared tray.

7. Chill the rolled balls for 20 to 30 minutes.

8. Melt the white chocolate melting wafers until smooth.

9. Dip each fudge ball into the melted white chocolate and place it back on the tray.

10. Sprinkle crushed candy canes over the tops before the coating sets.

11. Chill or let sit until the coating is firm, then serve.