In a small saucepan, warm the coconut milk and sugar over low heat just till sugar is dissolved. Let cool. Add in the vanilla. Divide into bowls and color as desired. Fill mold and add popsicle sticks according to mold instructions.
Freeze at least 8 hours or overnight.
Remove popsicles from molds. Using a small spoon, scrape out shallow dips in the popsicles where you want the gum balls to sit. Place a couple of drops of water and set the gum balls in place. Put back in freezer for another 15 minutes.
Our toucan mold had different compartments for the wing and beak. To make those parts a different color, simply fill them with the desired color and freeze for about an hour. Then fill the mold the rest of the way up with your other color of choice.