REMOVE cardboard containers from ice cream, carefully leaving ice cream in round pint shapes. Cut each pint of ice cream crosswise into 6 slices. Quickly reassemble ice cream slices alternately with 13 of the cookies into 1 long roll on freezer-proof rectangular serving plate, placing 1 cookie in between ice cream slices and 1 cookie at each end of loaf. Freeze 1 hour.
RESERVE 1/2 cup of the whipped topping for garnish. Mix remaining whipped topping, coconut, chocolate chips and food coloring; spread onto ice cream roll, completely covering ice cream with the whipped topping mixture. Attach 1 cookie to each end of ice cream roll. Carefully cut 5 of the remaining cookies in half; arrange along sides of roll.
FREEZE 1 hour or until firm. Cut remaining 2 cookies in half. Use to decorate the roll along with the reserved whipped topping and sprinkles. Cut crosswise into 16 slices to serve. Store leftover dessert in freezer.