A slang term used to refer to an African American person. It is often used in a humorous fashion and not meant to be demeaning, but can be used in as a derogatory way as its speaker wishes. Can also be used as an adjective.
"That party cake just called me a cracker! Why can't we all just get along?"

"Rap is a typically party cake genre of music, there are not many mainstream white rap stars"
by George Read November 28, 2007
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The best icecream ever...
with its frosting and little chunks of cake mixed into vanilla icecream.
by Jaydm56 August 12, 2003
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A party, normally comprised of university students, inwhich alcohol is baked into a variety of different types of cake so they are not illegally drinking in their dorms- they are eating.
Frankie: Cake Party- Room 213!
Josh: Another cake party? Good. I don't want the dean to lose his shit again.
by JB352 December 27, 2007
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