We'll start you off with stunning Fresh Coconut Cake. Fresh toasted coconut flakes give a fluffy and flavorful topping. If your coconut water does not measure 1 cup (8 fluid ounces), add enough tap water so the liquid measures 1 cup. Even though fresh coconut is sublime, you can use Goya brand coconut water in place of fresh coconut water and buy coconut flakes in the baking aisle. A cooked Italian-meringue does big-time nutritional pinch-hitting for a high-fat cream-based frosting.