Slur used by minorities to describe other minorities who actually want to further themselves along the career ladder. Sometimes used by racist whites who likes to assume anyone not white belongs in the gutter.
"black man in the army is usually a coconut"
Mommy: Stay away from her!
Mommy: Because honey, if an indian person does not hang out with other indians, doesnt listen to indian music or watch indian films that means they're a coconut and they're ashamed of their skin color.
Me: Oh.....What should i do when I see her again.
Mommy: STARE AT HER!!!!!KEEP STARING!!!!!!!!!JUST STARE AT HER AS LONG AS POSSIBLE!!!!!!!!!!!!!!!!
Me: It's okay she's not pretty anyway...
Mommy: Oh really! Never mind..haha.. then just forget that we had this conversation.
What? Ridden on a horse?
You're using coconuts!
You've got two empty halves of coconut and you're bangin' 'em together.