1) A spineless person, perhaps known for sucking dick. See also, bitchcake.
2) Someone who takes it in the butt or mouth, and hence becomes a cake of jizz.
3) Paris Hilton.
Note: May be followed by the phrases McGee, McCoy, or Philips to make it a nickname for the person in question.
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).