Preheat the oven to 350°F. Spread the flaked coconut on a parchment paper lined baking sheet. Toast for 6-8 minutes stirring periodically until golden. Set aside to cool completely.
Coconut Cream: In a small mixing bowl whisk together the cream of coconut and sweetened condensed milk.
Coconut Cream Pudding: In a separate medium-size mixing bowl use an electric mixer to beat together the pudding mix and half and half until thickened but, still pourable.
Lower the speed of the mixer and beat in the cream cheese until smooth, Fold in 1 cup whipped topping by hand mixing until combined.
Assemble: In a deep 13x9-inch baking dish or cake pan layer 1/3 cubed pound cake, drizzle the cake with 1/3 coconut cream drizzle then spread with 1/2 coconut cream pudding filling.