Cream of coconut can be substituted for sweetened condensed milk in a recipe. Sweetened condensed milk can also be made at home.
Sweetened condensed milk is a canned form of milk. It is boiled down and sugar is added. The result is a thick, creamy liquid that is used in many dessert recipes. Cream of coconut is an alternative to sweetened condensed milk, one that will add a slight coconut flavor. It should be substituted with an equal amount of what the recipe calls for. Milk, sugar and butter can also be heated together to create sweetened condensed milk at home.