Usually used as a derogative term for calling a person of wealth a spoiled 'you have it too easy' piece of shit brat!
Usually called to rich kids who drive BMWs and Mercedes-Benz's and get their college and college housing totally paid for and also get a hefty monthly allowance that's so great that they have absolutely no need to work in order to maintain their lavish lifestyle. This is a cake eater.
Synonymous with calling someone: Spoiled rich little fuck!
Cassi: "Did you see Jesse's new BMW? He thinks he's so damn cool driving around in it but we all know his daddy bought it for him - and plus, the kid doesn't know how to drive it anyways!"
Tim: "Yeah, but dont worry about that cocky fucker, he's just another cake eater!"
After performing a creampie, a female goes into a reverse tea bag (female tea bagging a male), she squeezes the cream out of the pie onto said males face, she then drops smacking HER clam (forcefully) on his face
Last night I surprised my boyfriend with a Rhode Island Clam Cake!!! Chowda on the side!