He's right to mention Coconut Oil as the best, it contains very high amounts of saturated fats. Try and find an organic, GMO free, oil. they taste superb. Also, you can use Ghee Butter (a clarified butter) works very well in brownie recipes.
Practice makes perfect, but I'll lend my advice. I've got my butter down to a science, baking is the hard part. 
--When making a butter, you must maintain proper temperatures for long periods of time. The level of quality will ultimately determine the length of the heating process. This can be done in many ways, these include;
1. Using a stovetop method:
a. One would need a few simple tools of the kitchen to properly do this. A few are, but not limited too, a metal bowl, pyrex measuring cups, metal filter's (of varying sizes. I like to use metal filters, because cheese cloth doesn't strain well enough,) a large enough boiling pot to accommodate the metal bowl, or the pyrex cup.
b. The idea here is to boil water in the pot, only high enough as to surround the pyrex, or the float around the metal bowl. The water will have to be refilled and monitored as needed. (BE CAREFUL)
c. let water boil at medium to medium low temp for several hours, the mix will go from green, to dark amber.
d. strain and allow to cool in appropriate container in the refrigerator.
---Whatever amount you use is upto you. enough to fit, I like to shoot for (shwag) around an ounce per cup. makes for some very stoned brownies. It wouldn't equal near the same for higher quality. Top grade would more likely be around a quarter per half cup. More or less to taste.---
2. Crockpot
a. This method is a great way to make high quality butter without much fuss. To start things off, a safe place is needed. Kitchen or bathroom is best. A pyrex cup is needed along with filters.
b. add the butter and finely chopped herb to the pyrex
c. set the temp at a high enough temp that will at least exceed 200+ degrees.
d. set a timer for any length of time.
e. repeat step above for straining. and cooling.
---Note that people will tend to vary in the times they use, a crockpot method is a great tool for long extractions. And it isn't uncommon to hear some bakers go for upto 24 hours! Talk about strong stuff!---
Things to remember, stir frequently, taste often, and never EVER let it burn! When in doubt turn down the heat, it won't affect the oil negatively, it will only take longer. Experiment, you never know what kind of goodies can be made!
A GREAT recipe that I like to use is pretty simple, and incredibly delicous:
Chocolate Chip Cookie Dough TrufflesMakes approx. 3-4 dozen.
Ingredients
2 1/2 cups all purpose flour
1 teaspoon salt
1/4 teaspoon baking soda
1 cup (2 sticks) butter or margarine, room temperature
3/4 cup granulated sugar
3/4 cup packed brown sugar
1 teaspoon vanilla
1/3 cup milk or soy milk
1 cup mini semi-sweet chocolate chips
14 oz dark chocolate candy coating
Directions
Beat butter and sugars and in large bowl with electric mixer on medium speed until light and fluffy. Add soymilk and vanilla. Stir in flour, baking soda and salt and mix on low speed (or by hand) until incorporated. Stir in chocolate chips.
Cover and chill dough for 1 hour.
When dough is firm enough to handle (it may help to lightly flour your hands), form dough into 1″ balls and arrange on a baking sheet lined with waxed paper. Place sheets in freezer and let chill for 30 minutes.
Melt chocolate candy coating in a double boiler or in microwave according to package directions. Using forks or a dipping tool, dip cookie balls into candy coating to cover. Tap fork on side of pan to remove any excess coating, and return to waxed paper-lined baking sheets. Chill until set. Store, chilled, in an airtight container for up to 1 week (though good luck making them last that long). Copied directly from " Love and Olive Oil "(Credit where credit is due, this recipe is FANTASTIC!) I like to make mine organic, but you're free to tinker with any of the above to suite your needs. Hope this sets you in the right direction! Peace and Love. 
--------------------
"One has a moral responsibility to disobey unjust laws. I would agree with St. Augustine that, an unjust law is no law at all.” -- Martin Luther King Jr.
"Seek not abroad, turn back into thyself, for in the inner man dwells the truth." -- St. Augustine
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