Preheat the oven to 350°F (175°C). Line a baking sheet with parchment paper or a silicone mat and lightly grease or spray with cooking spray.
Unroll the crescent roll dough and separate into 8 triangles.
Place one fun-size Almond Joy bar near the wide end of each crescent triangle, then roll each triangle up around the candy and place seam-side down on the prepared baking sheet.
Bake for 15–20 minutes, or until the crescent rolls are golden brown.
Allow the rolls to cool briefly on the baking sheet until warm but not piping hot.
Meanwhile, melt the 1/4 cup milk chocolate chips in a small microwave-safe bowl in 15–20 second intervals, stirring after each interval until smooth.
Drizzle the melted chocolate over the cooled rolls and immediately sprinkle with the toasted coconut.