a male that is often confused for being gay but is really straight

In my neck of the woods, cakeboy was always used as a term referring to a male who spent wayyy too much time on his hair, regardless of whether he was gay or not. Also refers to men who use excessive amounts of hair product.

A soft male who is suspected of beign gay.

A dude who's mad soft, and sweeter than cake.

A cakeboy is a guy who gives off ambiguous intentions towards his female "friend(s)." Generally, he says and does things that confuse his female friend(s) into believing they're dating him. Cakeboys can be found in large numbers among nice guys and at Protestant seminaries.

The term cakeboy comes from the reference to cake -- it looks and tastes good for a time, but it won't sustain you long-term.

an unsuspecting boy that can be played easily. often messed with by bored girls. often stupid

a cake boy is someone light and fluffy, effeminate, not where its at, not meaty in the slightest sense of the word.
the opposite of a cakeboy being a 'meat boy'(see 'meat boy').