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Preheat oven to 350 degrees F (175 degrees C).
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Sift together the flour, baking soda, and salt into medium bowl. Set aside.
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In a large bowl, cream butter, brown sugar, and white sugar until well combined.
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Beat in the instant pudding mix until fully mixed.
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Beat in eggs and peppermint emulsion.
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Slowly add in flour mixture and mix until combined.
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Gently stir in the chocolate chips and coconut .
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Drop cookies by rounded teaspoon onto silicone baking sheet or parchment paper lined cookie sheets. (Ungreased cookie sheets will work as well.)
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Bake for 10 to 12 minutes, or until edges are golden brown.
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Cool on cookie sheet for one minute before moving to wire rack to cool completely.
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Mix powdered sugar and water until fully blended.
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Spoon onto center of cookies. Immediately top with sparkling sugar, sprinkles or crushed candy canes.