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Largely nonsensical reference to both the colloquialism "piece of cake" and the popular parting address "peace" employed as a jocular transmutation of the latter and serving its same purpose.
"Yeah, well I guess I'll see ya in two weeks."
"Yeah, definitely."
"Well, alright. Take it easy, man."
"You too. Peace of cake."
by Chauncey Gardiner March 19, 2006
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