Oh man, this will be a new family tradition for us. The picture is a bit misleading because the coconut we made this with was a young Thai coconut (they are green coconuts with a good part of the husk left on in a cylindrical shape, and coned at the top). The young coconuts are filled with coconut water and the "meat" is really soft. They make for great smoothies. You can have the smoothie plain coconut by emptying the water into your blender and scraping the meat in there as well. Then lend with some ice, and voila! It's a very healthful, mildly sweet drink. We added some pineapple and pineapple juice to ours and it was really good. You could add sweetener, but I think the natural taste is lovely.
I did some research on coconuts and found out some AMAZING things. For instance, coconut water can be used in place of plasma in transfusions! Coconut water saved lives in WW2. You can read more here:
There's more on this site as far as recipes go, too. Enjoy your coconuts!