Caramelized Pineapple Topping

In a large skillet, toast coconut over medium heat until browned; remove from skillet. Add butter to skillet. When melted, add pineapple. Cook over medium-high heat, stirring occasionally until juices are evaporated and pineapple is nicely browned. (This will take about 15 minutes.) Stir in toasted coconut, brown sugar, lime peel, lime juice, and nutmeg. Serve warm or cooled.