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Step 1
Preheat the oven to 400ºF.
Step 2
Place the tofu on a cutting board and cover it with a paper towel. Place a few heavy cookbooks on top of the paper towels and let the tofu sit for a good 20 minutes.
Step 3
Once the tofu has been pressed, cut the tofu into strips. Set aside.
Step 4
In a small bowl, combine the coconut, cereal, salt, and pepper. Stir to combine.
Step 5
Prepare your "assembly line". Pour the coconut milk into a shallow dish. Start by dredging the tofu strips into the coconut milk, then transfer a strip to the coconut-cereal bowl and coat it with the mixture. Transfer the strip to a parchment paper-lined baking sheet and repeat with the other strips.
Step 6
Bake for 20 minutes, then flip the tofu strips and bake for another 20 minutes more.
Step 7
When ready to serve, quickly whip up the sauce. Combine everything in a small bowl and stir together with water as needed until you get a pourable texture.