This is pretty much the favorite Cortesi family Christmas cookie. Mom usually multiplies this recipe by four when she makes it.
Combine first five ingredients (margarine, vanilla, sugar, cold water, and salt). Stir in flour, pecans, and chocolate chips. Form into 1” balls; place on ungreased cookie sheet. Bake for 30 minutes at 300 degrees. Roll in colored sugar while still warm.
Makes 5 dozen cookies.