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It used to be that coconut oil has a bad reputation because of its high content of saturated fats, but research shows that not all fats are harmful. In fact, the oil has been found to boost levels of HDL (good cholesterol). I also heard that coconut oil can offers slimming perks. According to experts, the fatty acids in the oil help stimulate thyroid function to enhance the production of fat-burning hormones. To lose weight, aim to get 1 to 2 tablespoons of virgin coconut oil daily. You can expect to lose about 2 to 3 pounds per week.