01 - Pat shrimp dry with paper towels and season evenly with salt and black pepper.
02 - Arrange three shallow bowls: place flour in the first, beat eggs with milk in the second, and combine panko with shredded coconut in the third.
03 - Dredge each shrimp in flour, shaking off excess. Dip in egg mixture, then coat thoroughly in coconut-panko mixture, pressing gently to adhere.
04 - Heat vegetable oil in a deep skillet or saucepan to 350°F.
05 - Working in batches, fry shrimp for 2-3 minutes per side until golden brown and cooked through. Remove with slotted spoon and drain on paper towels.
06 - Whisk together sweet chili sauce, lime juice, and cilantro in a small bowl.
07 - Arrange crispy coconut shrimp on a platter and serve immediately with sweet chili dipping sauce.