"Good." Both are food items associated with angelic or heavenly imagery (angel food cake, the cream cheese commercials with the angel eating bagels). Plus, both can be really good. Note that "sponge cake" and "cream cheese" are two separate entities, rather than a single dish. It's not that the situation would be as good as sponge cake with cream cheese, but that they are both delicious in their own right.
When you creampieyour girl on her period and watch the juices flow out then getting to close her legs and placing a cherry on cheek resembling a Victoria sponge cake.
A person who is cool and likes bow ties and has a good interest in cakes. They are usually blonde and can say no and laughing in a very funny way. They have good music taste and like caramel and don't like Dr Pepper.
They also think aye and na isn't English
Snapping the sponge cake is when you snap the bikini bottom of a hot babe so her ass giggles like a sponge cake. This term was popularized in the 2006 movie Surf School.