Totally. It's a racist insult. Oreo is another one. This woman 100% intended "coconut" as a racist insult, and it's hilarious watching her try to spin it as being a protest against white supremacist political policies.

Back in the day when there were goths at school, I was walking with one of my Chinese friends. He seems a couple of Asians hanging out with the trenchcoat kids with safety pins in their clothes, etc. He spits and says "Fucking bananas. Yellow trash."

I find moments of honest racism like this reassuring. Emphasis on honest.