Use a mini food processor or blender to finely chop the pineapple.
For the best flavor, purchase flaked coconut and toast 3 tablespoons. Arrange a single layer of coconut on a small cookie sheet and bake at 350°F. for 2 to 5 minutes, or just until golden. Keep a close watch on the coconut; it scorches easily.
Prepare the dip up to one day in advance; cover and refrigerate. Stir before serving.