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1.
Chiller Baby Cakes are the virtual cakes of chilling. They are used to express a chill situation, or acceptance and acknowledgement of something as chill.
Person 1: I'm going to study, what about you?
Person 2: I'm going to go bake some Chiller Baby Cakes.

Person 1: I'm going to go order pizza and have a 24 marathon.
Person 2: Chiller Baby Cakes!
by Daniel'sBabyCakes January 18, 2011