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“Lakering” Verb - The summertime surge of unrealistic optimism about next season from lakers fans. Extends from free agent signings to projected championships. Often times, the predictions don’t account for cap space or team fit.
Fuck, Scott started lakering again. He thinks Steph is coming too. I can’t deal with this shit.
Lakering by Gleaguejosh June 15, 2019

The cake keeps on layering 

Similar to "layers to an Onion" or most importantly "the plot thickens",

It means that there is information (significant or not) that wasn't revealed until recently
Oh? the massive event has more information on it, "the cake keeps on layering"