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1.
Invented by rapper Fabolous. Coconut flavored Cîroc vodka with pineapple juice.

The name = Coco (Short for cocunut) Loso (Fabolous' nickname)
Hell yeah, we can make a Coco Loso!
door xECKSx58 2 januari 2011
 
2.
Coconut Ciroc and Pineapple juice. A drink named after Diddy and Fabolous
We having a CocoLoso night.
door NICE167 7 september 2010
 
3.
1) Drink that rapper Fabolous invented which consists of Coconut Ciroc w/ Pineapple juice

How he came up with the name: 'Coco' means coconut in Spanish 'Loso' comes from "Fabuloso", which means Fabulous (or how he rather spell it 'fabolous') in Spanish as well.

Variation: "Cocolo" means black in Dominican Spanish/Slang so my guess is that Fabolous combined both terms "Coco" and "lo + so" to come up with "Cocoloso" in the end, very clever indeed.
COCOLOSO ON DECK!
door Bluetiful 31 mei 2011
 
4.
P.Diddy defined it as Ciroc Coconut On The Rocks, No Chaser!
P.Diddy:"Bout 2 make me a COCO LOSO for all those that dont know thats Coconut Ciroc on the rocks-straight up NO chaser-If u don't know, now u know"
door GxExMxZ 10 mei 2010