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Pour the rice krispies and toasted coconut in a large mixing bowl and set aside.
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Melt the butter in a saucepan over low heat. Once melted add in the marshmallows. Stir until they are mostly all melted (this will take a few minutes--low and slow is key for perfect texture) then stir in the coconut extract.
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Once fully melted, take them off heat and pour over the rice krispies.
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Stir lightly to combine, then dump into a greased 9x9 pan.
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Allow to cool 5 minutes, then press lightly into pan with greased hands.
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Allow to fully set (about 20-30 min) and enjoy!