In a medium bowl, mix the flour, salt, and pepper.
This will be your dry mix to coat the shrimp.
In another bowl, whisk the eggs with water until combined.
This is your egg wash and helps the coconut and breadcrumbs stick to the shrimp.
Mix panko breadcrumbs and shredded coconut in a separate bowl.
This combination gives the shrimp a nice crunchy texture.
Dip the shrimp into the flour mix to coat lightly, then into the egg wash.
Finally, coat the shrimp with the breadcrumb and coconut mix.
Heat vegetable oil in a deep fryer or large pot to 375°F.
Fry the shrimp in batches until golden and crispy, about 2-3 minutes per side.
Serve with your favorite dipping sauce and enjoy!