Another term for "okay."
"Oatcake, let's go to the store now."
a word used to describe a stupid, retarded, or not very smart moment,person, or occurrence. The term oatcake comes from a character in Shakespeare's Much Ado about Nothing. Where Oatcake is an assistant sheriff to Dogberry, the retarded cop.
*mitchell does something gay and,or stupid*
wow mitchell. that was oatcake.