Preheat the oven to 325°F (set the oven rack in the center).
Pour the 1 can (13.5 ounces) full-fat coconut milk into a saucepan and heat over medium until it just reaches a simmer (small bubbles around the edges). Do not let it boil. Remove the pan from the heat and stir in 3/4 teaspoon vanilla extract.
In a medium bowl, whisk together 4 large egg yolks and 4 tablespoons granulated sugar until the mixture is smooth and slightly pale.
Temper the eggs: while whisking constantly, slowly pour about one-third of the hot coconut milk into the egg-sugar mixture to warm it. Then continue whisking and pour the remaining coconut milk into the egg mixture in a thin, steady stream until fully combined.
(Optional but recommended for a very smooth custard) Pour the custard through a fine-mesh sieve into a large measuring cup or bowl to remove any bits of cooked egg.
Place four 6-ounce ramekins in a deep baking dish. Evenly divide the custard mixture among the ramekins.
Carefully pour hot (not boiling) water into the baking dish until it comes about halfway up the sides of the ramekins, taking care not to splash water into the custards.
Bake in the preheated oven until the custards are set at the edges but still slightly jiggly in the center, about 40 minutes. Timing may vary with ovens; check for the described jiggle, not a rigid center.
Using tongs or an oven mitt, remove the ramekins from the water bath and transfer them to a wire rack. Let them cool to room temperature, then cover and refrigerate for at least 4 hours (or overnight) to fully chill and set.
Just before serving, sprinkle 1 teaspoon granulated sugar over the top of each chilled custard (use the 4 teaspoons reserved for topping). Caramelize the sugar with a kitchen torch until the sugar melts and turns golden brown. Allow the caramel to harden briefly, then serve.
Notes
5. (Optional but recommended for a very smooth custard) Pour the custard through a fine-mesh sieve into a large measuring cup or bowl to remove any bits of cooked egg.