Line two baking sheets with parchment paper. Set aside.
Combine water, sugar, corn syrup and salt in a small saucepan.
Bring to a boil over medium-high heat, stirring frequently to dissolve the sugar. Remove from heat.
In a medium-sized, heat-proof bowl, combine shredded coconut and hot syrup, stirring until evenly distributed. Let mixture cool for 20 minutes.
Preheat the oven to 375 degrees.
In a separate bowl, whisk egg whites and vanilla extract together until foamy and thick. Gently fold in the coconut mixture.
To create traditional macaroons: Use a cookie scoop to scoop out mounds of the coconut mixture. Make sure to really pack the coconut in tightly. You want golf-ball sized mounds. Space the macaroons 2 inches apart.
For heart-shaped macaroons: Use a cookie scoop to scoop out mounds of the coconut mixture and place on prepared baking sheet. Dampen your hands with water and shape into a heart. You can also you a heart shaped cookie cutter to help form the macaroons.
Bake until golden brown, 14 to 18 minutes, rotating the baking sheet if necessary. Place baking sheets on racks and let cool completely.
Melt candy coating according to package directions and drizzle on top of the cooled macaroons. Sprinkle with pink sugar pearls or jimmies. Let set up before storing in an airtight container.