I found this recipe in my new book, It's in the Bag by Michelle and Trent Snow (I met them Friday at Costco).
1 cup water
2 cups flour
1/2 cup granulated sugar
1/2 tsp. salt
4 tsp. baking powder
1 can (13.5 oz.) coconut milk
1 tsp. vanilla
1 cup sweetened coconut flakes
Mix all ingredients together, except coconut flakes, until batter is smooth. Add coconut. Ladle pancake batter onto hot oiled griddle. Turn pancakes when bubbles appear and edges are golden brown.
Tiff's Tips: I think it would be great to add 1 to 1 1/2 coconut flavoring for a little extra flavor. I found two different recipes for coconut syrup after breakfast, so I haven't tried them yet but they sound delicious.
Coconut Syrup (found on about.com)
1/3 cup good quality coconut milk
1/4 cup maple syrup
Simply combine the coconut milk and syrup, stirring well. Adjust the flavors by adding more coconut milk or more syrup depending on how syrup-y or coconut-ty you like it. ENJOY!
Coconut Syrup (found on allrecipes.com)
1 (13.5 ounce) can coconut milk
2 tablespoons cornstarch
2 cups light corn syrup
1/2 cup white sugar
1/2 cup shredded sweetened coconut
Whisk together the coconut milk and cornstarch in a saucepan until the cornstarch is dissolved. Pour in the corn syrup, sugar, and coconut; bring to a boil, stirring continually. As soon as the mixture comes to a rolling boil, remove from heat. Allow to cool completely before serving