This coconut caramel cake recipe is perfect for coconut lovers. The cake is made with flour, sugar, baking powder, salt, eggs, milk, vanilla extract, and coconut oil. The frosting is made with sugar, butter, milk, coconut extract, and caramel sauce. To make the caramel sauce, you'll need sugar, heavy cream, butter, and vanilla extract. The cake is moist and fluffy, and the coconut caramel frosting is rich and creamy. This cake is perfect for a summer party or any special occasion.