Coconut oil is one of the few foods that can be classified as a âsuperfood.â Coconut oil is high in healthy saturated fats that have different effects than most other fats in your diet.Its unique combination of fatty acids can have positive effects on your health.Coconut oil contains natural saturated fats that increase the good HDL cholesterol in your body. They may also help turn the bad LDL cholesterol into a less harmful form.