Drain the Coconut Water: Puncture a small hole in the coconut and drain the water into a bowl.

Prepare the Coconut Flesh: Cut the coconut in half and scoop out the flesh, chopping it into small pieces.

Blend the Mixture: Combine the coconut flesh, reserved water, 4 cups of water, sweetened condensed milk, evaporated milk, and vanilla extract in a blender and blend until smooth.

Strain for Smoothness: Use a fine mesh strainer over a pitcher to filter the blended mixture.

Adjust and Chill: Add the remaining 4 cups of water to the strained mixture, stir, then chill in the refrigerator for 30 minutes or serve over ice.

Garnish and Serve: Garnish each glass with coconut slices, mint, or a cherry, then serve chilled.