- Preheat the oven according to the directions on your boxed cake mix. 
- Spray a 9x13 pan with nonstick spray. 
- Mix together your dry cake mix, water, oil, and eggs, as called for on the boxed cake mix.  
- Spread your cake batter into the prepared pan.  
- Bake according to the package directions.  (My cake baked at 350 degrees Fahrenheit for 23 minutes.) 
- Allow the cake to cool for about 10 minutes. 
- Using a fork, or the bottom of a wooden spoon, poke holes all over the top of the cooled cake. 
- Open the can of Cream of Coconut, empty it into a 2-cup measuring glass and heat it for 15 seconds in the microwave. 
- Whisk the mixture well and then pour it all over the cake and into the holes. 
- Allow the cake to continue to cool completely.  
- Frost the cake with cool whip. 
- Meanwhile, toast the coconut on an un-greased baking sheet at 350 degrees Fahrenheit for 3 minutes. 
- Stir it up, and then continue baking and stirring every 30 seconds to 1 minute or until golden brown. Coconut browns and burns quickly, so stay right by the oven, stir it frequently, and watch closely. 
- Allow the toasted coconut to cool. 
- Sprinkle the toasted coconut evenly over the top of the whipped cream. 
- Cut and serve.  
- Keep leftovers refrigerated.