1/2 can evaporated milk
1 1/2 c. sugar
1 stick butter
2 eggs
1 c. coconut
1 tsp. vanilla
1 c. nuts

Put milk, sugar, butter and eggs in saucepan. Cook on medium heat until thick, stirring constantly. Add coconut, vanilla and nuts after mixture is thick. Frosting is enough for a 2 layer cake.