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The combination of two popular phrases, 1) "Piece of cake" and 2) "Walk in the park." All of which typically mean that a task is simple or easy to complete.

Cake Walk can be used to add additional emphasis onto how easy the task performed is or was.
1. Of course I finished that homework, it was a cake walk.

2. That challenge was a cake walk, man. I hardly broke a sweat.
cake walk by nuttinbutagame April 1, 2015
Situation when no toilet paper (or suitable substitute) is left in or close to the bathroom, resulting in having to walk elsewhere where a wiping material is available. Said walk is known as a "cake walk", as material becomes caked between the butt cheeks.
Oh, dude.. I hid all the toilet paper downstairs, forcing Pete to do a cake walk!
cake walk by NHMatt November 22, 2011
Usually played at Elementary School Carnivals... Basically, it's the biggest table you've ever seen loaded with different kinds of cakes. The actual game is walking around a circle of chairs to music and sitting when the music stops... If you don't get a chair - your outta the game. Game goes until two people are circling one chair - lot's of boxing out and elbows to secure the final seat and get da cake.
"Man, I was catching blows in da cake walk yo, but I got da last seat and now I'm plowing my own cake!"
Cake Walk by Beaverbazz March 11, 2010
To go on a walk mainly for looking at ass
"Hey Mike wanna go on a cake walk"?
Cake walk by Beaverpoon September 12, 2015
A group of older women masterbating each other ( the equivalent to a circle jerk)
The ladies of the neighborhood got together for drinks and a cake walk.
Cake walk by Butterbot December 14, 2023

Nazi cake walk 

This is the phrase you utter just before walking between a tv and one or more gamers playing on said tv. This gives them a second to pause or find cover as you momentarily block their view.
Without Nazi cake walk:
You: *walks in front of tv unannounced*
Them: "Down in front...ah shit, I died."

WITH Nazi cake walk:
You: "Nazi cake walk" *walks in front of tv*
Them: *pause sound*...*un-pause sound*
Nazi cake walk by 2Clowns April 24, 2011