i could eat this by the spoonful
In a medium saucepan slightly beat an egg, stir in one 5 ounce can of evaporated milk (2/3 cup), 2/3 cup sugar, and 1/4 cup butter. Cook and stir over medium heat about 12 minutes or till thickened and bubbly. Remove from the heat; stir in 1 2/3 cups flaked coconut and 2/3 cup chopped pecans (the fresher the better). Cool the frosting thoroughly before frosting with it.