In a bowl, combine sugar, creme and vanilla; knead until smooth (mixture will be dry). Shape into six 4-1/2-in. x 1-1/4-in. logs. Chill overnight. In the top of a double boiler over boiling water, cook and stir caramels and water until smooth. Dip logs into caramel; roll in pecans. Chill for 2 hours. Cut into 1/3-in. slices.