Preheat oven to 325°F. Line a baking sheet with parchment paper or aluminum foil. If you use a foil, spray it with cooking spray.
In a large mixing bowl, mix together 1 can sweeten condensed milk, 1 beaten egg white, 1 package flaked coconut and 2 tsp vanilla extract.
Scoop up about 2 tsp of coconut mixture using a spoon. Place onto the prepared baking sheet. Then, add maraschino cherries to the top.
Bake in the preheated oven for 15 minutes or until slightly golden brown. Remove the baking sheet from the oven. Transfer coconut macaroons to the cooling rack and let them cool until firm and set. Enjoy!
