Fresh coconut flesh is soft because it’s saturated with liquid, which is usually referred to as coconut milk when it’s squeezed from the meat. Raw coconut flesh can be eaten directly and readily enjoyed because of its light and refreshing flavor, although it’s typically dried and then shredded or processed into coconut oil. Fresh coconut is rich in saturated fat and a good source of fiber, amino acids and trace minerals. It doesn't keep too fresh because of its fat content, so it's best to use it soon after you remove it from its shell.