In a large bowl beat the cream cheese, powdered sugar, and coconut extract until smooth and combined. Fold in the whipped cream topping until thoroughly combined. Spread the coconut cheesecake over the graham cracker crust, taking it to the edges. Freeze while you prepare the next layer.
16 oz Cream cheese, 1 cup Powdered sugar, 1 tsp Coconut extract, 8 oz Cool Whip