Stir together oats, coconut, whole wheat flour, nuts, wheat germ, crisp rice cereal, salt, and cinnamon in a large bowl.
Heat honey, brown sugar, water, and oil in a large saucepan over medium high heat till sugar is dissolved. Add vanilla and pour over oat mixture. Stir carefully till well coated.
Divide the wet mixture between 2 greased 15x10" cookie sheets with sides.
Bake at 275 for one hour, stirring after 30 minutes. Cool completely and store in airtight container.
You can also add raisins, dates, craisins, or any other dried fruit after the granola is cool.