verb - means to be well off, living the good life. A person who truly defines "cakin" has a good job, a flashy car, and has attractive women flocking to him in admiration of the way in which he cakes. If you are an intern working for peanuts and/or bubble gum, you are most definitely not cakin.
Also see: Cakin McBakin
Taprick: I'm an intern. I scratch important people's balls all day.
Bill Gates: I'm Bill Gates. I own you.
Taprick: Wow. You're cakin, like Cakin McBakin
. Can I scratch your balls?
Bill Gates: Ok.