Mix Spam together with cream cheese and jelly. Fully incorporating all ingredients.
Heat 11” skillet to medium High heat. Spread 1 side of each slice of bread with ½ tablespoon coconut oil. Place in pan 1 slice bread, oil down, ¼ cup spam mixture, 1 slice gouda, 1 slice bread oil up, in that order.
Cook over medium-high until golden brown, about 4-5 minutes, flip and cook until golden brown.