Combine crushed vanilla wafers, melted butter, and chopped nuts in a medium mixing bowl.
Press mixture into the bottom of a 9x13 inch pan; bake at 350 degrees for 15 minutes. Set aside to cool.
In a separate mixing bowl, combine cream cheese, powdered sugar, and 1 1/2 cups Cool Whip.
Layer mixture on cooled crust.
Combine milk and vanilla pudding, mixing until pudding forms.
Spread mixture onto cream cheese layer.
Layer sliced strawberries on top of pudding mixture, reserving some strawberries for top layer.
Top with remaining Cool Whip and strawberries.