NOTE: You can toast flaked coconut in a 325ºF oven in a single layer on a baking sheet. It should take 4-8 minutes, depending on how much coconut you are toasting. Keep a close watch and stir halfway through toasting for even browning. You can also toast coconut in a nonstick skillet over medium low heat, stirring, until evenly browned. It will not take long! Remove coconut from the pan to cool.