To make the pie filling, grab a large bowl and combine coconut, crushed pineapple, maraschino cherries, 1/4 cup pecans, condensed milk, lemon juice and maraschino cherry juice. Once all those ingredients are mixed together, gently add in 1 1/2 cups of the whipped topping (half the container). Pour the mixture into the pie crust.

Garnish the pie with the rest of the whipped topping and the other 1/4 cup of pecans, plus more cherries and coconut if you like. Refrigerate the Millionaire Pie for a total time of at least three hours; overnight works, too. Then slice, serve and enjoy! You can also freeze the pie part way, which helps if you want clean cuts to the pie when you serve it.