A term used to denote how funny something might be (like rofl or lol) but extended to make itself funny as well. The reference to cakes just makes it that much better, because everyone loves cake.
"Hey, something funny just happened"
"was it rooflecakes funny?"

"...so i said: thats not my third leg!"
"rooflecakes!"
by Christopher Helgaiden May 31, 2006
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