This caramel coconut cake is a tropical twist on a classic caramel cake. The cake is moist and tender, and the caramel frosting is rich and creamy. The recipe uses shredded coconut in the cake batter to give it a nutty flavor and texture. The frosting is made with caramel sauce, cream cheese, and powdered sugar, and is finished with a sprinkle of toasted coconut. This cake is perfect for summer parties, or any time you want to escape to a tropical paradise.