Sugar babies under the age of 18. They're either blond popular girls, black preppy princesses, or Asian hotties. Between the ages of 14 to 17, little sugar babies often try to get money out older men by playing to their Lolita fantasies. Most of the time, you will see these girls in new clothes everyday of the week. After the age of 18, these little sugar babies move up to older rich white men who used them and abuse before the age of 25.
When you crap you pants out of the fear you get from seeing a shark while swimming in the ocean, your crap is like sugar to the shark and it will go crazy and then attack you. This term was first used and popularized by Rob Dyrdek on his MTV show, "Rob Dyrdek's Fantasy Factory".
Man I was surfing on vacation last summer in Australia and this Great White Shark came up behind me and I Shark Sugared everywhere, he then proceeded to bite off my left foot out of the sugar frenzy I created for him.