But according to South Sea legend, the Coconut tree is the tree of life. Coconut oil is the nectar of the Gods, the ambrosia of its people. Coconut Oil is the oil of Kings, a dream cream, a soothing salve on irritated skin. Coconut oil is a minimalist’s magic bullet, the ultimate balm for radiant skin, hair, teeth and nails. Coconut oil is a panacea.