BEAT butter and cream cheese at medium speed with an electric mixer until creamy.
DECREASE speed to low; gradually ADD powdered sugar until blended.
INCREASE speed to medium; slowly ADD milk and vanilla; BEAT until smooth.
FOLLOW directions for vanilla.
In a small bowl, MICROWAVE chocolate morsels at medium until melted and smooth, STIRRING at 30 second intervals.
Gradually ADD melted chocolate to vanilla buttercream; BEAT until blended and smooth.
FOLLOW directions for vanilla, SUBSTITUTING the 1/4 cup cream of coconut for the 1/4 cup milk.
SPRINKLE each frosted cupcake with coconut flakes.
1. Suggest using Nestle Chocolatier Dark Chocolate Morsels 2. Can usually be found in the drink mixes section of the grocery
Per Serving (excluding unknown items): 10981 Calories; 349g Fat (27.9% calories from fat); 55g Protein; 1967g Carbohydrate; 0g Dietary Fiber; 1020mg Cholesterol; 3072mg Sodium. Exchanges: 7 1/2 Lean Meat; 0 Non-Fat Milk; 65 Fat; 131 Other Carbohydrates.