Cream 1 cup butter or margarine and 1/3 cup sugar; add 2 teaspoons vanilla and 2 teaspoons water.
Add 2 cups sifted enriched flour; mix well.
Stir in 1 cup chopped pecans.
Shape into small balls or fingers.
Bake on ungreased cooky sheet in slow oven (325Â°) about 20 minutes.
Remove to rack.
Cool slightly: Roll in confectioners sugar.
If desired, dip one end of each finger in thin chocolate icing.