It is a term used to describe a particularly attractive looking person (usually, male) whom you find "fetching" or would like to pursue a romantic relationship with. In other words, a romantic interest who is the equivalent of "oh my God! What is that magnificent creature". The use of the term is relative to its user.
1. Yo homeboy you been feeling that little shit in yo tummy when you been lookin' at that fluff piece of cotton candy?
2. Dayum! Did you see that fluff piece of cotton candy?
A male whore with a Drinking Problem; A not so attractive straight ProstaDUDE that sexes women for money; someone that sleeps with old women for money; a guy that can handle sexing Ugly Women(a NuglyFUCKER);
"She only had enough money for a Semi-Elegant Piece of He-Candy"