Mix everything together really well and chill. I'm sure that fresh coconut is probably better than bagged, but you are not going to get me to grate a whole coconut. I use sweetened coconut flakes because I can't find unsweetened. Seems to work OK. I'm sure you could probably substitute Asian "hot chili garlic sauce" instead of the whole peppers. I had to get my jar of peppers from the Asian Market - the sauce is much easier to find.