Green’s Dictionary of Slang

coconut n.2

[play on coke n.1 (1)]

(US drugs) cocaine.

[US]Monteleone Criminal Sl. (rev. edn).
[US]Lannoy & Masterson ‘Teen-age Hophead Jargon’ AS XXVII:1 25: COCONUTS, n. Cocaine [LAPD].
[US]Anslinger & Tompkins Traffic In Narcotics 307: coconut. Cocaine.
[US]R.R. Lingeman Drugs from A to Z (1970).
[US]‘Gloss. of Drug Terms’ National Instit. Drug Abuse.
[US]ONDCP Street Terms 6: Coconut — Cocaine.