Drain pineapple. Combine syrup and water (if necessary) to make 1 cup liquid. Blend syrup-water with gelatin in small saucepan. Heat over low heat, stirring constantly until gelatin dissolves.
Add pineapple and vanilla. Chill to consistency of unbeaten egg whites. Fold gelatin mixture and coconut into whipped Carnation Instant (directions below). Chill until mixture mounds from spoon. Enjoy as pudding, as topping for cake, or as filling for 8 or 9 inch pie shell, tart shells or meringue shells.