Bring to a boil, then turn down the heat. Keep stirring.
After about 10 minutes, the coconut milk will start to get clumpy and thicken. Keep stirring.
At the 18 minute mark, the coconut curds will start to form. Continue to stir gently.
Once the curds look golden brown, take the pan off heat immediately.
Remove the curds using a slotted spoon and set aside to cool before you use.
Notes
Don't discard the liquid leftover after you remove the curds- that's actually coconut oil, that you can put to use in so many ways.
Use a good quality heavy bottomed pan for this recipe. This will ensure the heat is evenly distributed and that there aren't any burnt spots.
Keep the heat medium-low to get the best texture and color on these crispy coconut curds.
You can also make Latik from scratch-made coconut milk if you want to. Just make sure you start with mature coconuts instead of young coconuts- their flesh will yield much more of the fat.