Heat coconut milk in a small pan for 2-3 minutes or you can even microwave for about 1 minute. Do not let it boil.
Place 1 tsp chocolate and 1 tsp caramel in the bottom of 2 mugs. Pour 4oz coffee into each mug. Top each with 1/2 cup of the warm coconut milk. Add whipped cream and garnish with caramel and chocolate syrups. Top with shredded coconut.