01 - Pat the shrimp dry with paper towels and set aside.
02 - In a shallow bowl, combine flour, salt, and pepper. In a second bowl, whisk together eggs and milk. In a third bowl, mix shredded coconut and panko breadcrumbs.
03 - Dredge each shrimp first in the flour mixture, shaking off excess, then dip into the egg mixture, and finally coat with the coconut-panko mixture, pressing gently to adhere.
04 - Heat about 1 inch of vegetable oil in a deep skillet or frying pan to 350°F.
05 - Fry the shrimp in batches without overcrowding the pan, 2–3 minutes per side, until golden brown and cooked through.
06 - Remove shrimp with a slotted spoon and drain on paper towels. For the dipping sauce, whisk together sweet chili sauce and lime juice. Serve shrimp hot with dipping sauce on the side.