Open the can without shaking it or turning it upside down. Carefully spoon out the top layer of cream that has gathered at the top of the can into a mixing bowl.
Blend the coconut cream with a hand mixer on high speed for 15 to 20 seconds, just until the mixture turns to liquid.
Sift in the icing sugar and mix until combined. Add the vanilla extract and blend on high speed for 1-2 minutes, until light and creamy.
Best served immediately.
Recipe adapted from Oh Lady Cakes.