Cooking Coconut Shrimp with Lime Chili Dip is a straightforward process if you follow these simple steps:

1. Prepare the Shrimp: Rinse the shrimp under cold water and pat them dry with paper towels.
2. Set Up Breading Station: In three separate bowls, place the flour seasoned with salt, pepper, and garlic powder in one. In the second, whisk the egg with lime juice. In the third, combine shredded coconut and panko breadcrumbs.
3. Coat the Shrimp: Dip each shrimp into the flour mixture, shaking off the excess. Next, dip it into the egg mixture before rolling it in the coconut-panko mixture to coat thoroughly.
4. Heat the Oil: In a large skillet, heat oil over medium heat until shimmering.
5. Fry the Shrimp: Fry the shrimp in batches, cooking for about 2-3 minutes on each side or until golden brown and crispy. Remove and drain on paper towels.
6. Make the Lime Chili Dip: In a small bowl, mix together mayonnaise, sweet chili sauce, lime juice, lime zest, and cayenne pepper. Adjust the seasoning according to your taste.
7. Serve: Arrange the coconut shrimp on a platter with a bowl of lime chili dip in the center.

With these easy steps, you will have perfectly cooked Coconut Shrimp and a zesty dip that complements the dish beautifully.