Coconut oil is extracted from the coconut and retains many beneficial ingredients. With a mild and sweet taste, coconut oil has natural properties that are helpful for your skin. Dermatologists often recommend coconut oil for its moisturizing and possible anti-aging properties.The lauric acid in coconut oil has nourishing properties that are especially prone to soak into the strands of your hair. Coconut oil absorbs into your hair quickly, providing moisture to tame frizz and heal breakage.