oooh i loooove coconut oil and pretty much anything coconut.
It is a saturated fat, but there's a lot of misinformation out there about saturated fat mostly meaning trans fat, not coconut oil. It is pretty much the healthiest oil you can cook with and eat... but if you don't like the taste/smell, probably not going to work for you.
I put it on my skin after shower, body and face, and sometimes sleep with it on my hair and shampoo it out the next morning and my hair is soooo great. It's soft, smooth, and shiny. It is a solid if the air temp is cool, so I put it on the shower floor and let the hot water run by it, and by the time I am done it's liquidy and I can put it on my skin.
I know it's so good for your skin, but sometimes I don't think it is moisturizing enough, I'll still get dry patches on my face and elbows.
I've used Nutiva, Garden of Life, Tropical Traditions, and Spectrum. The most important thing is that it is extra virgin and unrefined, organic is preferred. Make sure it is a food grade one and not a cosmetic.