Ancient word of saying you have a skill or something of importance that should not be said do to it being illegal, stupid, or you may have nothing at all, because the cake is a lie. So therefore saying you have cakes, means the above.
Jeff: Damn, D you got cakes.
D: What broskee?
Jeff: I SAID YOU GOT CAKES.
D: What cake?
Jeff: Naw dude. You banged that girl. You got cakes.
D: Oh. Okay.
by Doogy in m-f January 29, 2009

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