Coconut Payasam, also known as Thengai Payasam, is a rich and creamy South Indian dessert made with coconut milk, jaggery, and rice. It is a popular sweet dish prepared during festivals and special occasions. The combination of coconut milk and jaggery gives the payasam a unique and delicious flavor. Coconut Payasam is best served warm or chilled, making it a perfect dessert to indulge in.