01 - Pat shrimp dry thoroughly with paper towels.
02 - Combine flour, salt, and black pepper in a shallow bowl.
03 - Whisk eggs and milk together in a separate bowl until smooth.
04 - Mix shredded coconut and panko breadcrumbs in a third bowl.
05 - Dredge each shrimp first in the flour mixture, then dip into the egg wash, and finally press into the coconut-panko mixture to coat evenly.
06 - Heat vegetable oil in a deep skillet or saucepan to 350°F (180°C).
07 - Fry shrimp in batches for 2 to 3 minutes per side until golden and crispy, avoiding overcrowding the pan.
08 - Remove shrimp with a slotted spoon and place on paper towels to drain excess oil.
09 - Whisk sweet chili sauce, lime juice, and honey together in a small bowl until combined.
10 - Serve shrimp hot accompanied by the prepared dipping sauce.