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1 Substitute coconut oil on a 1-1 ratio for oil or butter. Melt the oil and cool it to just above room temperature before measuring it.  Use a ratio of 3/4 to 1 when substituting coconut oil for shortening. Use the oil in its solid state or melt it first.
Coconut oil (for beauty/cosmetic uses). Coconut oil isnât just for the table! Itâs also used as a moisturizer, hair conditioner, mouth rinseâ¦for any product you can buy at CVS, thereâs probably a coconut-oil version of it somewhere.oconut oil (for cooking). Coconut oil is the staple cooking fat for Paleo meals, but itâs far from your only choice. You have so many other Paleo choices for cooking fat that replacing coconut oil is a snap. Tryâ¦. 1  Animal fat (lard, tallow, schmaltz, etc.).