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Coconut is definitely not just for decorating your next luau themed party! Technically speaking, the coconut is not actually a nut; it's considered a drupe, also known as a stone fruit. The coconut tree is highly regarded in many different cultures for being extremely versatile, often called "the tree of a thousand uses" or even "the tree of life." From the meat of the coconut itself to coconut oil, milk, flour and water, coconuts pack a big punch in terms of health benefits.