Toasting Coconut in the oven (longer!)
Heat oven to 300. Spread shredded coconut on a baking sheet, and let toast in oven for 20 minutes, stirring every 5 minutes. Stir, and bake longer if needed. Coconut should be lightly browned. Watch carefully! Toasted coconut can go from toasted to burned very quickly.
Toasting Coconut on the Stove Top (faster!)
Place a small amount of shredded coconut in a skillet. Cook over medium heat, stirring frequently, until coconut is lightly browned. Again, watch it closely! This method is much faster, but the coconut may brown less evenly than in the stove.