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After refrigerating overnight, spoon coconut cream from top of can into bowl. Reserve the liquid for another use.
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Add coconut nectar or preferred sweetener, vanilla and arrowroot powder. Use hand mixer to blend well until smooth and creamy, about 1-2 minutes. Transfer bowl to refrigerator and prepare watermelon.
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To make the “cake,” slice end off from one side of the watermelon (about a third of the way down), to give it a flat top. Then, make another slice about 4 inches down from the flat top. This will be the top and bottom of your cake. Reserve remaining melon for another use.
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Looking down onto watermelon slab, use knife to cut a cylinder shape into the watermelon (you can trace a cake plate – or more or less trace where the white rind meets the red flesh). Cut away anything outside the cylinder. This will serve as the base for your cake.
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Use paper towels to pat watermelon cake dry. Keep patting until paper towels have very little water on them. Note: This is a crucial step. If skipped, your icing will slide right off.
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Wrap in dry paper towels and transfer to refrigerator for at least one hour. This also helps whipped coconut cream stick better.
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Remove from refrigerator and pat dry one more time. Use spatula to ice cake with coconut whipped cream.
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Top with melon, berries and chopped nuts as desired.