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Rinse rice, until water runs clear.
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To a blender add rice and coconut. Break cinnamon stick into pieces and add to blender.
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Add four cups of hot water, cover and allow to steep for 20 minutes.
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Blend until smooth.
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Strain mixture into a pitcher through mesh strainer.
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Stir in remaining water, vanilla extract, and sugar.
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Stir until sugar dissolves.
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Serve over ice.