I found this interesting article on coconut oil. Here's an excerpt:

"Rabbit experiments, and studies of humans, showed that the amount of unsaturated oil in the diet strongly affects the rate at which aged, wrinkled skin develops. The unsaturated fat in the skin is a major target for the aging and carcinogenic effects of ultraviolet light, though not necessarily the only one."

Here's the rest of the article: http://raypeat.com/articles/articles/coconut-oil.shtml

I'll be using more coconut oil (and other saturated fats) in my diet!