Preheat the oven to 350 degrees F. Grease a large cookie sheet.
In a medium bowl stir together the coconut, milk, flavorings, & food coloring until combined. Drop by heaping teaspoonfuls onto the prepared cookie sheet. Bake for 8-10 minutes or until lightly browned. Gently press the back of a teaspoon into each cookie to make a slight impression. Place cookies on a wire rack. Gently press 3 jelly beans into each impression. Cool before serving.
Vanilla and almond extract may be used in place of the butter & rum flavorings.