In a medium saucepan, combine 1 tablespoon of butter, 1 can of sweetened condensed milk, 1 cup of shredded coconut, and 1 can of coconut milk. Place the saucepan over medium-low heat, ensuring that the butter melts slowly and the mixture begins to blend. Stir consistently to prevent sticking, and watch for the ingredients to warm and amalgamate.

Continue stirring the mixture for about 10-15 minutes as it cooks. You’ll notice the pudding thickening and beginning to pull away from the sides of the pan. The mixture should be glossy and smooth, indicating that it’s achieving the right consistency for your Brazilian Coconut Pudding.

Once thickened, remove the saucepan from the heat. Gradually stir in 1 cup of heavy cream until the mixture is completely smooth and velvety. This will enrich the pudding's texture and add a luxurious creaminess, blending perfectly with the coconut flavor.

Allow the pudding mixture to cool for about 10-15 minutes at room temperature. During this time, it will become easier to handle. Then, pour the warm pudding into small dessert cups or jars, filling them equally to ensure each serving is delightful.

Refrigerate the cups for at least 2-3 hours, or until the Brazilian Coconut Pudding is fully set. Ideally, serving this dessert chilled enhances its creamy texture and makes it refreshing and delightful.

Once chilled, the pudding is ready to serve. Garnish each cup with toasted coconut flakes or a drizzle of coconut cream for an extra tropical touch. Enjoy the delightful flavors of this Brazilian Coconut Pudding with family and friends!