Combine cake mix, pudding mix, water, eggs and oil in large mixing bowl.
2
Blend then beat at medium speed of electric mixer for 4 minutes. Stir in 1 1/2 cups coconut. Pour into greased and floured 13 x 9 inch cake pan. BAke at 350 degrees for 50 minutes or until cake begins to pull away from sides.
3
Cool in pan for 15 minutes. Remove from pan and finish cooling on rack. Cut in half to make two 6 x 8 inch layers. Fill with preserves and 1 cup of the topping; frost with remaining topping. Mark "ribbon" with wooden picks.
4
Tint 2/3 cup of the coconut with food coloring and 1 teaspoon water; place in "ribbon" area; edge with gumdrop strips, if desired. Sprinkle with remaining coconut over rest of cake. Garnish with gumdrop bow of flattened gumdrops with rolling pin on pastry board.
