Place butter in a 13x9-inch baking dish, letting it melt in the over while its preheating.
Remove dish and sprinkle graham cracker crumbs over melted butter. Drizzle sweetened condensed milk evenly over crumbs and sprinkle remaining ingredients on top, alternating chocolate chips, coconut, nuts, cherries, repeat. Press down firmly with fork.
Bake 20-25 minutes or until lightly browned. Let cool completely before cutting into bars.